Key Points
- Insider sale: Denis Junior Ferro sold 3,203 Banco Santander Brasil shares for approximately $19,058 at an average price of $5.95, reducing his position by 10.67% to 26,803 shares.
- Dividend and stock performance: BSBR recently paid a quarterly dividend of $0.1045, equivalent to an annualized dividend of about $0.42 and a 7.0% yield. Shares opened at $5.96, within a 52-week range of $4.94 to $7.32.
- Analyst sentiment remains cautious: Multiple firms downgraded the stock, resulting in an average rating of “Reduce” and an average price target of $6.00. Institutional investors own 14.53% of the company.
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Banco Santander Brasil SA (NYSE:BSBR - Get Free Report) insider Denis Junior Ferro sold 3,203 shares of the stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $5.95, for a total transaction of $19,057.85. Following the sale, the insider owned 26,803 shares of the company's stock, valued at $159,477.85. This trade represents a 10.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Banco Santander Brasil Price Performance
Shares of BSBR opened at $5.96 on Wednesday. Banco Santander Brasil SA has a one year low of $4.94 and a one year high of $7.32. The business's 50 day simple moving average is $5.56 and its 200-day simple moving average is $5.72. The company has a debt-to-equity ratio of 3.34, a current ratio of 1.56 and a quick ratio of 1.56.
Banco Santander Brasil Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Thursday, July 30th were paid a $0.1045 dividend. The ex-dividend date of this dividend was Thursday, July 30th. This represents a $0.42 dividend on an annualized basis and a yield of 7.0%.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on BSBR shares. Wall Street Zen lowered Banco Santander Brasil from a "buy" rating to a "hold" rating in a research note on Sunday, July 12th. Zacks Research downgraded shares of Banco Santander Brasil from a "hold" rating to a "strong sell" rating in a research report on Friday, July 3rd. JPMorgan Chase & Co. downgraded shares of Banco Santander Brasil from an "overweight" rating to a "neutral" rating and reduced their price target for the stock from $6.50 to $6.00 in a research report on Thursday, July 30th. UBS Group lowered shares of Banco Santander Brasil from a "buy" rating to a "neutral" rating in a report on Monday, August 24th. Finally, Weiss Ratings upgraded shares of Banco Santander Brasil from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 31st. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. 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 Research Report 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. Public Employees Retirement System of Ohio bought a new stake in shares of Banco Santander Brasil during the second quarter worth $476,000. EverSource Wealth Advisors LLC boosted its holdings in Banco Santander Brasil by 251.5% in the first 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. Royal Bank of Canada increased its position in Banco Santander Brasil by 41.6% in the first quarter. Royal Bank of Canada now owns 7,136 shares of the bank's stock worth $43,000 after purchasing an additional 2,098 shares during the period. Dimensional Fund Advisors LP increased 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 purchasing an additional 67,224 shares during the period. Finally, SPX Gestao de Recursos Ltda raised its holdings in Banco Santander Brasil by 58.9% during 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 during the last quarter. 14.53% of the stock is owned by institutional investors and hedge funds.
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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