Banco Santander Brasil (NYSE:BSBR) Insider Mariana Cahen Margulies Sells 42,545 Shares of Stock

Key Points

• Insider sale: Mariana Cahen Margulies sold 42,545 BSBR shares for approximately $242,507 at an average price of $5.70, reducing her position by 51.37% to 40,275 shares.
• Dividend and trading: Banco Santander Brasil declared a quarterly dividend of $0.1045 per share, implying a 7.2% annualized yield. The stock recently traded at $5.79, within a 12-month range of $4.74 to $7.32.
• Analyst outlook: Recent rating changes were generally negative, with JPMorgan, Wall Street Zen, and Zacks downgrading the stock. Analysts have an average “Reduce” rating and a $6.00 price target.

Banco Santander Brasil SA (NYSE:BSBR - Get Free Report) insider Mariana Cahen Margulies sold 42,545 shares of the business's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $5.70, for a total value of $242,506.50. Following the completion of the transaction, the insider owned 40,275 shares in the company, valued at $229,567.50. This trade represents a 51.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Banco Santander Brasil Stock Up 0.1%

BSBR traded up $0.01 on Thursday, hitting $5.79. 2,121,644 shares of the company traded hands, compared to its average volume of 1,362,379. Banco Santander Brasil SA has a 12-month low of $4.74 and a 12-month high of $7.32. The company has a 50 day moving average of $5.33 and a 200-day moving average of $5.88. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 3.25.

Banco Santander Brasil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Thursday, July 30th will be paid a dividend of $0.1045 per share. This represents a $0.42 annualized dividend and a dividend yield of 7.2%. The ex-dividend date is Thursday, July 30th.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BSBR. Wall Street Zen lowered shares of Banco Santander Brasil from a "buy" rating to a "hold" rating in a research report on Sunday, July 12th. JPMorgan Chase & Co. cut shares of Banco Santander Brasil from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $6.50 to $6.00 in a report on Thursday, July 30th. 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. Finally, Weiss Ratings upgraded Banco Santander Brasil from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 31st. Two analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Banco Santander Brasil currently has an average rating of "Reduce" and an average target price of $6.00.

Hedge Funds Weigh In On Banco Santander Brasil

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC acquired a new stake in shares of Banco Santander Brasil during the 4th quarter valued at approximately $9,772,000. Alpine Global Management LLC acquired a new stake in shares of Banco Santander Brasil in the 4th quarter worth approximately $4,735,000. Aquamarine Financial Cayman Ltd increased its stake in 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 purchasing an additional 775,000 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Banco Santander Brasil by 17.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,957,288 shares of the bank's stock valued at $16,531,000 after purchasing an additional 430,531 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in Banco Santander Brasil by 2,671.0% during the third quarter. Millennium Management LLC now owns 326,451 shares of the bank's stock worth $1,825,000 after purchasing an additional 314,670 shares during the last quarter. 14.53% of the stock is owned by institutional investors and hedge funds.

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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