Banco Santander Brasil (NYSE:BSBR) Insider Eduardo Alvarez Garrido Sells 16,500 Shares

Key Points

• Insider sale: Eduardo Alvarez Garrido sold 16,500 shares on March 26 at an average price of $5.95 for $98,175, reducing his stake to 32,201 shares (a 33.88% decrease) according to the SEC filing.
• Special dividend announced: Banco Santander Brasil will pay a special dividend of $0.1064 per share, with the ex-dividend and record date on April 23 and the payment scheduled for May 18.
• Market and analyst context: shares traded down 0.7% to $6.33 and sit in a 12‑month range of $4.62–$7.32 (50‑ and 200‑day SMAs ≈ $6.25 and $6.11); analysts are mixed with a consensus Hold, and institutional ownership is about 14.53% after several funds increased positions.

Banco Santander Brasil SA (NYSE:BSBR - Get Free Report) insider Eduardo Alvarez Garrido sold 16,500 shares of the stock in a transaction on Thursday, March 26th. The stock was sold at an average price of $5.95, for a total value of $98,175.00. Following the completion of the transaction, the insider owned 32,201 shares in the company, valued at approximately $191,595.95. This represents a 33.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 3.15. Banco Santander Brasil SA has a 12 month low of $4.62 and a 12 month high of $7.32. 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 Announces Dividend

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.

Institutional Trading of Banco Santander Brasil

Several hedge funds have recently made changes to their positions in BSBR. Aquamarine Financial Cayman Ltd raised its holdings in shares of Banco Santander Brasil by 8.6% in the 4th quarter. Aquamarine Financial Cayman Ltd now owns 9,770,322 shares of the bank's stock valued at $59,697,000 after acquiring an additional 775,000 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Banco Santander Brasil by 17.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,957,288 shares of the bank's stock worth $16,531,000 after purchasing an additional 430,531 shares during the last quarter. Empowered Funds LLC bought a new position in shares of Banco Santander Brasil in the fourth quarter worth approximately $9,772,000. Alpine Global Management LLC bought a new stake in shares of Banco Santander Brasil in the 4th quarter valued at about $4,735,000. Finally, Alliancebernstein L.P. boosted its holdings in Banco Santander Brasil by 99.6% during the 3rd quarter. Alliancebernstein L.P. now owns 327,261 shares of the bank's stock valued at $1,829,000 after acquiring an additional 163,314 shares during the period. 14.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BSBR has been the subject of several recent 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 Banco Santander Brasil from a "buy" rating to a "strong-buy" rating in a research note on Friday, March 27th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold".

Banco Santander Brasil Company Profile

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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