Banco Santander Brasil (NYSE:BSBR) Insider Ana Paula Vitali Janes Vescovi Sells 38,000 Shares

Key Points

• Insider sale: Ana Paula Vitali Janes Vescovi sold 38,000 shares at an average price of $5.79 for a total of $220,020, cutting her direct stake by 52.83% to 33,926 shares, per an SEC filing.
• Special dividend announced: Banco Santander Brasil will pay a special dividend of $0.1064 per share on May 18 to shareholders of record on April 23 (ex-dividend date April 23).
• Market and analyst snapshot: Shares traded at $6.33 (down 0.7%) with a 12-month range of $4.62–$7.32; analysts are mixed (average rating: Hold) and hedge funds own about 14.53% of the stock.

Banco Santander Brasil SA (NYSE:BSBR - Get Free Report) insider Ana Paula Vitali Janes Vescovi sold 38,000 shares of the business's stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $5.79, for a total value of $220,020.00. Following the sale, the insider directly owned 33,926 shares of the company's stock, valued at $196,431.54. This represents a 52.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Banco Santander Brasil Trading Down 0.7%

Shares of BSBR stock traded down $0.05 during trading hours on Thursday, reaching $6.33. The company had a trading volume of 1,181,211 shares, compared to its average volume of 1,021,120. Banco Santander Brasil SA has a 12 month low of $4.62 and a 12 month high of $7.32. 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 business has a fifty day simple moving average of $6.25 and a 200-day simple moving average of $6.11.

Banco Santander Brasil Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Monday, May 18th. Shareholders 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.

Hedge Funds Weigh In On Banco Santander Brasil

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd purchased a new stake in Banco Santander Brasil during the fourth quarter worth about $36,000. Alpine Global Management LLC purchased a new position in Banco Santander Brasil in the fourth quarter valued at about $4,735,000. Invesco Ltd. grew its position 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 valued at $1,423,000 after acquiring an additional 2,631 shares during the period. Vident Advisory LLC grew its position in shares of Banco Santander Brasil by 185.7% during the 4th quarter. Vident Advisory LLC now owns 31,805 shares of the bank's stock valued at $194,000 after acquiring an additional 20,672 shares during the period. Finally, Empowered Funds LLC purchased a new stake in shares of Banco Santander Brasil during the 4th quarter worth approximately $9,772,000. 14.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

About Banco Santander Brasil

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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