Key Points
- Insider sale: Banco Santander Brasil insider Eduardo Alvarez Garrido sold 7,500 shares on May 20 at an average price of $5.43, totaling $40,725. After the transaction, he still owned 24,701 shares, a 23.29% reduction in his holdings.
- Recent stock movement: BSBR fell 2.8% and opened at $5.41, near the lower end of its 52-week range of $4.62 to $7.32. The stock is also trading below its 50-day and 200-day moving averages.
- Analyst and dividend updates: The company recently paid a special dividend of $0.1064 per share, while analyst sentiment remains cautious with a consensus rating of Hold after recent downgrades.
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Banco Santander Brasil SA (NYSE:BSBR - Get Free Report) insider Eduardo Alvarez Garrido sold 7,500 shares of the firm's stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $5.43, for a total transaction of $40,725.00. Following the completion of the sale, the insider owned 24,701 shares in the company, valued at $134,126.43. This represents a 23.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Eduardo Alvarez Garrido also recently made the following trade(s):
- On Thursday, March 26th, Eduardo Alvarez Garrido sold 16,500 shares of Banco Santander Brasil stock. The shares were sold at an average price of $5.95, for a total transaction of $98,175.00.
Banco Santander Brasil Stock Down 2.8%
NYSE:BSBR opened at $5.41 on Friday. Banco Santander Brasil SA has a fifty-two week low of $4.62 and a fifty-two week high of $7.32. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.29 and a current ratio of 1.29. The company's 50-day simple moving average is $5.88 and its 200-day simple moving average is $6.18.
Banco Santander Brasil Dividend Announcement
The company also recently declared a special dividend, which was paid on Monday, May 18th. Stockholders of record on Thursday, April 23rd were issued a $0.1064 dividend. The ex-dividend date was Thursday, April 23rd.
Analyst Ratings Changes
BSBR has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of Banco Santander Brasil from a "buy" rating to a "hold" rating in a report on Saturday, May 16th. Weiss Ratings cut shares of Banco Santander Brasil from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, March 6th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Banco Santander Brasil has a consensus rating of "Hold".
Read Our Latest Stock Report on Banco Santander Brasil
Institutional Trading of Banco Santander Brasil
Institutional investors have recently bought and sold shares of the stock. Aquamarine Financial Cayman Ltd boosted its stake in Banco Santander Brasil by 8.6% in the 4th quarter. Aquamarine Financial Cayman Ltd now owns 9,770,322 shares of the bank's stock worth $59,697,000 after purchasing an additional 775,000 shares in the last quarter. SPX Gestao de Recursos Ltda boosted its stake in Banco Santander Brasil by 58.9% in the 1st quarter. SPX Gestao de Recursos Ltda now owns 86,883 shares of the bank's stock worth $515,000 after purchasing an additional 32,189 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Banco Santander Brasil in the 4th quarter worth approximately $36,000. Alpine Global Management LLC acquired a new stake in Banco Santander Brasil in the 4th quarter worth approximately $4,735,000. Finally, Hantz Financial Services Inc. boosted its stake in Banco Santander Brasil by 23.2% in the 4th quarter. Hantz Financial Services Inc. now owns 48,228 shares of the bank's stock worth $295,000 after purchasing an additional 9,077 shares in the last quarter. 14.53% of the stock is currently owned by institutional investors and hedge funds.
About Banco Santander Brasil
(
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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