Banco Santander Brasil (NYSE:BSBR) Insider Sells $209,822.56 in Stock

Key Points

• Insider sale: Alexandre Guimaraes Soares sold 35,443 shares on March 19 at an average price of $5.92 for $209,822.56, leaving him with 29,286 shares (a 54.76% reduction).
• Special dividend: 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).
• Institutional activity: Several institutions increased stakes—Aquamarine Financial Cayman raised its holding by 8.6% to 9.77M shares and Arrowstreet added 17.0%—with institutional investors owning 14.53% of the company.

Banco Santander Brasil SA (NYSE:BSBR - Get Free Report) insider Alexandre Guimaraes Soares sold 35,443 shares of the firm's stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $5.92, for a total value of $209,822.56. Following the transaction, the insider owned 29,286 shares in the company, valued at approximately $173,373.12. This represents a 54.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Banco Santander Brasil Price Performance

Banco Santander Brasil stock traded down $0.05 during mid-day trading 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 business has a fifty 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 Dividend Announcement

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

Institutional Trading of Banco Santander Brasil

Institutional investors have recently made changes to their positions in the business. Aquamarine Financial Cayman Ltd grew its stake in Banco Santander Brasil by 8.6% during the 4th quarter. Aquamarine Financial Cayman Ltd now owns 9,770,322 shares of the bank's stock worth $59,697,000 after buying an additional 775,000 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in 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 valued at $16,531,000 after buying an additional 430,531 shares during the last quarter. Empowered Funds LLC acquired a new stake in Banco Santander Brasil in the fourth quarter worth about $9,772,000. Alpine Global Management LLC purchased a new stake in shares of Banco Santander Brasil during the fourth quarter worth about $4,735,000. Finally, Alliancebernstein L.P. grew its stake in shares of Banco Santander Brasil by 99.6% during the third quarter. Alliancebernstein L.P. now owns 327,261 shares of the bank's stock worth $1,829,000 after acquiring an additional 163,314 shares during the last quarter. Institutional investors and hedge funds own 14.53% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Wall Street Zen upgraded Banco Santander Brasil from a "buy" rating to a "strong-buy" rating in a research note on Friday, March 27th. Weiss Ratings cut shares of Banco Santander Brasil from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, March 6th. 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 stock. According to MarketBeat.com, the stock presently has an average 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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