Banco Santander Brasil (NYSE:BSBR) Insider Sells $216,286.69 in Stock

by · The Cerbat Gem

Banco Santander Brasil SA (NYSE:BSBRGet Free Report) insider Jean Paulo Kambourakis sold 36,721 shares of Banco Santander Brasil stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $5.89, for a total transaction of $216,286.69. Following the completion of the sale, the insider owned 31,623 shares of the company’s stock, valued at $186,259.47. This trade represents a 53.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Banco Santander Brasil Trading Down 0.7%

Banco Santander Brasil stock traded down $0.05 during trading hours on Thursday, reaching $6.33. 1,181,211 shares of the company were exchanged, compared to its average volume of 1,021,120. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 3.15. The stock has a 50-day moving average of $6.25 and a 200 day moving average of $6.11. Banco Santander Brasil SA has a 12 month low of $4.62 and a 12 month high of $7.32.

Banco Santander Brasil Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Monday, May 18th. Investors of record on Thursday, April 23rd will be issued a dividend of $0.1064 per share. The ex-dividend date of this dividend is Thursday, April 23rd.

Analyst Upgrades and Downgrades

BSBR has been the subject of a number of research analyst reports. Weiss Ratings lowered Banco Santander Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 6th. Wall Street Zen upgraded shares of Banco Santander Brasil from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 27th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

View Our Latest Stock Report on Banco Santander Brasil

Hedge Funds Weigh In On Banco Santander Brasil

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new position in Banco Santander Brasil during the fourth quarter valued at about $36,000. Alpine Global Management LLC acquired a new stake in shares of Banco Santander Brasil during the 4th quarter worth approximately $4,735,000. Invesco Ltd. grew its holdings in shares of Banco Santander Brasil by 1.1% during the 4th quarter. Invesco Ltd. now owns 232,826 shares of the bank’s stock worth $1,423,000 after purchasing an additional 2,631 shares in the last quarter. Vident Advisory LLC increased its position in shares of Banco Santander Brasil by 185.7% during the fourth quarter. Vident Advisory LLC now owns 31,805 shares of the bank’s stock valued at $194,000 after purchasing an additional 20,672 shares during the period. Finally, Empowered Funds LLC bought a new stake in shares of Banco Santander Brasil during the fourth quarter valued at approximately $9,772,000. 14.53% of the stock is currently owned by institutional investors.

About Banco Santander Brasil

(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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