Key Points
- Insider sale: Robson De Souza Rezende sold 39,874 BSBR shares for approximately $227,282, reducing his direct ownership by 56.26% to 31,003 shares.
- Dividend: Banco Santander Brasil declared a quarterly dividend of $0.1045 per share, equivalent to an annualized $0.42 and a 7.2% yield.
- Analyst sentiment: Recent downgrades have left the stock with a consensus “Reduce” rating and a $6.00 price target, while institutional investors own 14.53% of the company.
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Banco Santander Brasil SA (NYSE:BSBR - Get Free Report) insider Gustavo De Sousa Santos sold 29,200 shares of the business's stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $5.70, for a total transaction of $166,440.00. Following the sale, the insider owned 53,023 shares of the company's stock, valued at $302,231.10. This represents a 35.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Banco Santander Brasil Trading Up 0.1%
Shares of Banco Santander Brasil stock opened at $5.79 on Friday. 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 has a fifty day simple moving average of $5.34 and a 200-day simple moving average of $5.88. Banco Santander Brasil SA has a 12-month low of $4.74 and a 12-month high of $7.32.
Banco Santander Brasil Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Thursday, July 30th will be paid a $0.1045 dividend. This represents a $0.42 annualized dividend and a yield of 7.2%. The ex-dividend date is Thursday, July 30th.
Hedge Funds Weigh In On Banco Santander Brasil
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its stake in shares of Banco Santander Brasil by 251.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,804 shares of the bank's stock worth $34,000 after buying an additional 4,153 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Banco Santander Brasil by 41.6% in the first quarter. Royal Bank of Canada now owns 7,136 shares of the bank's stock valued at $43,000 after buying an additional 2,098 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in Banco Santander Brasil by 9.4% during the first quarter. Public Employees Retirement System of Ohio now owns 81,609 shares of the bank's stock worth $484,000 after acquiring an additional 6,982 shares during the period. Dimensional Fund Advisors LP raised its position in Banco Santander Brasil by 43.5% in the first quarter. Dimensional Fund Advisors LP now owns 221,909 shares of the bank's stock worth $1,316,000 after acquiring an additional 67,224 shares in the last quarter. Finally, SPX Gestao de Recursos Ltda raised its position in Banco Santander Brasil by 58.9% in the first quarter. SPX Gestao de Recursos Ltda now owns 86,883 shares of the bank's stock worth $515,000 after acquiring an additional 32,189 shares in the last quarter. Institutional investors and hedge funds own 14.53% of the company's stock.
Wall Street Analyst Weigh In
BSBR has been the topic of a number of research reports. Wall Street Zen downgraded Banco Santander Brasil from a "buy" rating to a "hold" rating in a research note on Sunday, July 12th. Weiss Ratings upgraded Banco Santander Brasil from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, July 31st. JPMorgan Chase & Co. downgraded Banco Santander Brasil from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $6.50 to $6.00 in a report on Thursday, July 30th. Finally, Zacks Research lowered shares of Banco Santander Brasil from a "hold" rating to a "strong sell" rating in a research report on Friday, July 3rd. Two research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average price target of $6.00.
View Our Latest Stock Report on Banco Santander Brasil
Banco Santander Brasil Company Profile
(
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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