Key Points
- Insider sale: Banco Santander Brasil insider Rudolf Gschliffner sold 11,507 shares at an average price of $5.73, generating $65,935.11. His remaining 33,192-share stake represents a 25.74% reduction in ownership.
- Dividend and performance: BSBR recently paid a quarterly dividend of $0.1045 per share, equivalent to an annualized $0.42 dividend and a 7.3% yield. The stock was trading near $5.75, within its 12-month range of $4.94 to $7.32.
- Analyst outlook weakened: Several firms downgraded the stock, resulting in a consensus rating of “Reduce” and an average price target of $6.00. Institutional investors own approximately 14.53% of the company.
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Banco Santander Brasil SA (NYSE:BSBR - Get Free Report) insider Rudolf Gschliffner sold 11,507 shares of Banco Santander Brasil stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $5.73, for a total transaction of $65,935.11. Following the completion of the transaction, the insider directly owned 33,192 shares in the company, valued at $190,190.16. The trade was a 25.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Banco Santander Brasil Stock Performance
BSBR stock opened at $5.75 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 3.25. Banco Santander Brasil SA has a 12 month low of $4.94 and a 12 month high of $7.32. The company has a fifty day moving average price of $5.45 and a 200 day moving average price of $5.77.
Banco Santander Brasil Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Thursday, July 30th were paid a dividend of $0.1045 per share. The ex-dividend date of this dividend was Thursday, July 30th. This represents a $0.42 annualized dividend and a yield of 7.3%.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the company. Weiss Ratings upgraded Banco Santander Brasil from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, July 31st. UBS Group downgraded shares of Banco Santander Brasil from a "buy" rating to a "neutral" rating in a research report on Monday. JPMorgan Chase & Co. lowered Banco Santander Brasil from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $6.50 to $6.00 in a report on Thursday, July 30th. Wall Street Zen cut Banco Santander Brasil from a "buy" rating to a "hold" rating in a research report on Sunday, July 12th. 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. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus target price of $6.00.
Get Our Latest Stock Analysis on BSBR
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Empowered Funds LLC acquired a new stake in shares of Banco Santander Brasil in the fourth quarter valued at about $9,772,000. Alpine Global Management LLC acquired a new position in shares of Banco Santander Brasil during the fourth quarter worth $4,735,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Banco Santander Brasil by 17.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,957,288 shares of the bank's stock valued at $16,531,000 after purchasing an additional 430,531 shares during the period. Millennium Management LLC increased its stake in Banco Santander Brasil by 2,671.0% during the 3rd quarter. Millennium Management LLC now owns 326,451 shares of the bank's stock worth $1,825,000 after buying an additional 314,670 shares during the period. Finally, Marshall Wace LLP acquired a new position in Banco Santander Brasil in the 4th quarter worth $1,322,000. Institutional investors and hedge funds own 14.53% of the company's stock.
About Banco Santander Brasil
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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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