Key Points
- Insider sale: Vice President Edmilson Saes sold 50,000 BSBR shares at an average price of $5.79, totaling $289,500. His remaining ownership fell 14.28% to 300,203 shares.
- Market and dividend data: BSBR opened at $5.71, within a 52-week range of $4.94 to $7.32. The company pays a quarterly dividend of $0.1045 per share, representing a 7.3% annualized yield.
- Analyst outlook: Recent rating changes have generally been negative, with analysts moving the stock toward neutral, hold, or sell recommendations. MarketBeat reports a consensus rating of “Reduce” and a $6.10 price target.
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Banco Santander Brasil SA (NYSE:BSBR - Get Free Report) insider Leonardo Mendes Cabral sold 20,000 shares of the stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $5.68, for a total value of $113,600.00. Following the sale, the insider directly owned 112,571 shares in the company, valued at approximately $639,403.28. The trade was a 15.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Banco Santander Brasil Trading Down 0.8%
Banco Santander Brasil stock opened at $5.71 on Tuesday. The stock has a 50-day moving average price of $5.72 and a 200 day moving average price of $5.66. Banco Santander Brasil SA has a 52 week low of $4.94 and a 52 week high of $7.32. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 3.34.
Banco Santander Brasil Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Thursday, July 30th were issued 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 dividend yield of 7.3%.
Hedge Funds Weigh In On Banco Santander Brasil
Hedge funds and other institutional investors have recently made changes to their positions in the business. QRG Capital Management Inc. purchased a new position in Banco Santander Brasil in the second quarter valued at about $57,000. Engineers Gate Manager LP raised its holdings in shares of Banco Santander Brasil by 765.6% during the 2nd quarter. Engineers Gate Manager LP now owns 139,178 shares of the bank's stock valued at $731,000 after buying an additional 123,100 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Banco Santander Brasil during the 2nd quarter worth approximately $476,000. EverSource Wealth Advisors LLC boosted its holdings in Banco Santander Brasil by 251.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,804 shares of the bank's stock worth $34,000 after acquiring an additional 4,153 shares during the period. Finally, Royal Bank of Canada boosted its holdings in Banco Santander Brasil by 41.6% in the 1st quarter. Royal Bank of Canada now owns 7,136 shares of the bank's stock worth $43,000 after acquiring an additional 2,098 shares during the period. Institutional investors and hedge funds own 14.53% of the company's stock.
Analysts Set New Price Targets
BSBR has been the topic of several recent analyst reports. UBS Group downgraded shares of Banco Santander Brasil from a "buy" rating to a "neutral" rating in a research note 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. HSBC reiterated a "hold" rating and set a $6.20 target price (down from $7.20) on shares of Banco Santander Brasil in a research report on Tuesday, September 15th. Zacks Research cut Banco Santander Brasil from a "hold" rating to a "strong sell" rating in a report on Friday, July 3rd. Finally, 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. Four analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus price target of $6.10.
Check Out Our Latest Research Report on BSBR
About Banco Santander Brasil
(
Get Free Report)
Banco Santander Brasil SA is a Brazilian financial institution and a subsidiary of Spain-based Banco Santander. Headquartered in São Paulo, the company provides banking and financial services to individual customers, small and midsize businesses, corporations and institutional clients throughout Brazil.
Its offerings include checking and savings accounts, consumer and commercial lending, credit and debit cards, mortgages, insurance, investments, asset management, payment solutions and foreign-exchange services.
Further Reading
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