Key Points
- Insider sale: VP Cezar Augusto Janikian sold 6,600 BSBR shares for $37,752, reducing his position by 12.31% to 47,007 shares.
- Dividend and trading: Banco Santander Brasil recently paid a quarterly dividend of $0.1045 per share, equivalent to a 7.2% annualized yield. The stock opened at $5.82, within its $4.94–$7.32 one-year range.
- Analyst sentiment weakened: UBS and JPMorgan downgraded the stock to neutral, while Zacks moved it to strong sell. The consensus rating is “Reduce,” with an average price target of $6.00.
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Banco Santander Brasil SA (NYSE:BSBR - Get Free Report) VP Cezar Augusto Janikian sold 6,600 shares of the firm's stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $5.72, for a total transaction of $37,752.00. Following the completion of the sale, the vice president owned 47,007 shares of the company's stock, valued at $268,880.04. This trade represents a 12.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Banco Santander Brasil Trading Up 1.6%
BSBR opened at $5.82 on Friday. Banco Santander Brasil SA has a 1-year low of $4.94 and a 1-year high of $7.32. The stock's 50 day simple moving average is $5.46 and its 200 day simple moving average is $5.77. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.29 and a current ratio of 1.29.
Banco Santander Brasil Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Thursday, July 30th were given a dividend of $0.1045 per share. The ex-dividend date was Thursday, July 30th. This represents a $0.42 dividend on an annualized basis and a yield of 7.2%.
Hedge Funds Weigh In On Banco Santander Brasil
Several institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its stake in Banco Santander Brasil by 288.1% in the 4th 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. EverSource Wealth Advisors LLC increased 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 valued at $34,000 after acquiring an additional 4,153 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Banco Santander Brasil during the 4th quarter valued at about $36,000. Cubist Systematic Strategies LLC purchased a new position in shares of Banco Santander Brasil during the 1st quarter worth about $46,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Banco Santander Brasil during the 3rd quarter worth about $78,000. 14.53% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms have weighed in on BSBR. UBS Group downgraded Banco Santander Brasil from a "buy" rating to a "neutral" rating in a research report on Monday, August 24th. Wall Street Zen downgraded Banco Santander Brasil from a "buy" rating to a "hold" rating in a research report on Sunday, July 12th. Zacks Research lowered Banco Santander Brasil from a "hold" rating to a "strong sell" rating in a research note on Friday, July 3rd. Weiss Ratings raised shares of Banco Santander Brasil from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. lowered shares of Banco Santander Brasil from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $6.50 to $6.00 in a report on Thursday, July 30th. Three equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and an average price target of $6.00.
View Our Latest Research Report on BSBR
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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