Banco Santander Brasil (NYSE:BSBR) Insider Sells $71,400.00 in Stock

Key Points

• Insider sale: Michele Soares Ishii sold 12,000 shares on March 24 at an average price of $5.95 for $71,400, leaving her with 14 shares — a 99.88% reduction in her ownership.
• Special dividend: Banco Santander Brasil declared a special dividend of $0.1064 per share payable on May 18 to shareholders of record on April 23 (ex-dividend date April 23).
• Market and analyst snapshot: BSBR traded at $6.33 (down 0.7%) with volume above average and a 12‑month range of $4.62–$7.32, while analysts are mixed (one Buy, one Hold, one Sell) leaving an average "Hold" rating.

Banco Santander Brasil SA (NYSE:BSBR - Get Free Report) insider Michele Soares Ishii sold 12,000 shares of the company's stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $5.95, for a total value of $71,400.00. Following the transaction, the insider owned 14 shares of the company's stock, valued at approximately $83.30. The trade was a 99.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Banco Santander Brasil Trading Down 0.7%

Shares of Banco Santander Brasil stock traded down $0.05 during trading on Thursday, hitting $6.33. 1,181,211 shares of the stock 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. Banco Santander Brasil SA has a 12 month low of $4.62 and a 12 month high of $7.32. The stock's fifty day moving average is $6.25 and its 200 day moving average is $6.11.

Banco Santander Brasil Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BSBR. 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 raised shares of Banco Santander Brasil from a "buy" rating to a "strong-buy" rating in a research note on Friday, March 27th. One investment 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's stock. According to data from MarketBeat.com, Banco Santander Brasil has an average rating of "Hold".

Institutional Investors Weigh In On Banco Santander Brasil

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Alpine Global Management LLC acquired a new stake in Banco Santander Brasil during the 4th quarter worth about $4,735,000. Royal Bank of Canada lifted its position in shares of Banco Santander Brasil by 288.1% in the 4th quarter. Royal Bank of Canada now owns 5,038 shares of the bank's stock valued at $31,000 after acquiring an additional 3,740 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in Banco Santander Brasil by 23.2% in the 4th quarter. Hantz Financial Services Inc. now owns 48,228 shares of the bank's stock worth $295,000 after purchasing an additional 9,077 shares during the period. May Hill Capital LLC acquired a new position in Banco Santander Brasil in the 4th quarter worth approximately $83,000. Finally, Aquamarine Financial Cayman Ltd grew its position 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 purchasing an additional 775,000 shares in the last quarter. 14.53% of the stock is owned by institutional investors and hedge funds.

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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