Key Points
- Insider sale: Jean Paulo Kambourakis sold 36,721 shares on March 19 at an average of $5.89 (≈$216,287), cutting his stake by about 53.7% to 31,623 shares.
- Wider insider selling: Multiple other executives (including Alexandre Guimaraes Soares, Ana Paula Vitali Janes Vescovi and VP Cezar Janikian) sold large blocks on March 19–26, many trimming holdings by roughly 50% or more.
- Dividend announced: Banco Santander Brasil declared a special dividend of $0.1064 per share payable May 18 to holders of record on April 23 (ex-dividend date April 23).
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Banco Santander Brasil SA (NYSE:BSBR - Get Free Report) insider Michele Soares Ishii sold 12,000 shares of the company's stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $5.95, for a total value of $71,400.00. Following the completion of the transaction, the insider directly owned 14 shares in the company, valued at approximately $83.30. The trade was a 99.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Banco Santander Brasil Stock Performance
Shares of BSBR opened at $6.33 on Friday. The stock has a 50-day moving average of $6.25 and a two-hundred day moving average of $6.11. Banco Santander Brasil SA has a one year low of $4.62 and a one year high of $7.32. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 3.15.
Banco Santander Brasil Dividend Announcement
The company also recently announced a special dividend, which will be paid on Monday, May 18th. Investors of record on Thursday, April 23rd will be issued a dividend of $0.1064 per share. The ex-dividend date of this dividend is Thursday, April 23rd.
More Banco Santander Brasil News
Here are the key news stories impacting Banco Santander Brasil this week:
- Negative Sentiment: Michele Soares Ishii sold 12,000 shares on March 24 at an average of $5.95 (total ~$71.4k), reducing her position to 14 shares. SEC filing
- Negative Sentiment: VP Cezar Augusto Janikian sold 17,000 shares on March 19 at $5.87 avg (~$99.8k), a ~24.1% reduction in his holding. SEC filing
- Negative Sentiment: Jean Paulo Kambourakis sold 36,721 shares on March 19 at $5.89 avg (~$216.3k), cutting his stake by ~53.7%. SEC filing
- Negative Sentiment: Alexandre Guimaraes Soares sold 35,443 shares on March 19 at $5.92 avg (~$209.8k), a ~54.8% reduction. SEC filing
- Negative Sentiment: Alexandre Teixeira De Araujo sold 20,156 shares on March 24 at $5.94 avg (~$119.7k), reducing his holding by ~52.7%. SEC filing
- Negative Sentiment: Ana Paula Vitali Janes Vescovi sold 38,000 shares on March 19 at $5.79 avg (~$220.0k), trimming her stake by ~52.8%. SEC filing
- Negative Sentiment: Eduardo Alvarez Garrido sold 16,500 shares on March 26 at $5.95 avg (~$98.2k), a ~33.9% reduction in his holdings. SEC filing
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on BSBR shares. Weiss Ratings lowered shares of Banco Santander Brasil from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, March 6th. Wall Street Zen upgraded shares of Banco Santander Brasil from a "buy" rating to a "strong-buy" rating in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold".
View Our Latest Analysis on BSBR
Institutional Investors Weigh In On Banco Santander Brasil
Several hedge funds and other institutional investors have recently made changes to their positions in BSBR. Royal Bank of Canada boosted its stake in Banco Santander Brasil by 288.1% during the fourth quarter. Royal Bank of Canada now owns 5,038 shares of the bank's stock worth $31,000 after buying an additional 3,740 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Banco Santander Brasil in the 4th quarter worth $36,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Banco Santander Brasil in the 1st quarter worth $46,000. Tuttle Capital Management LLC purchased a new position in shares of Banco Santander Brasil during the 4th quarter worth $66,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of Banco Santander Brasil during the 4th quarter worth $76,000. Institutional investors and hedge funds own 14.53% of the company's stock.
Banco Santander Brasil Company Profile
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Get Free Report)
Banco Santander Brasil SA is the Brazilian unit of Spain-based Grupo Santander and one of the country's major commercial banks. Headquartered in São Paulo, the bank serves a broad client base across Brazil through an integrated network of branches, ATMs and digital channels. Its shares are represented abroad via American Depositary Shares listed on the New York Stock Exchange under the ticker BSBR.
The bank offers a full range of financial products and services for retail, small and medium-sized enterprises, and corporate clients.
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