Banco Santander Brasil (NYSE:BSBR) VP Cezar Augusto Janikian Sells 17,000 Shares

Key Points

• VP Cezar Augusto Janikian sold 17,000 shares on March 19 at an average price of $5.87 for $99,790, trimming his position by 24.08% to 53,607 shares (valued about $314,673) as disclosed in an SEC filing.
• Special dividend declared: Banco Santander Brasil will pay $0.1064 per share on May 18 to shareholders of record on April 23 (ex-dividend date April 23).
• The stock traded down 0.7% to $6.33 on Thursday with volume above average, and analysts hold a consensus rating of Hold (one Buy, one Hold, one Sell).

Banco Santander Brasil SA (NYSE:BSBR - Get Free Report) VP Cezar Augusto Janikian sold 17,000 shares of the firm's stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $5.87, for a total transaction of $99,790.00. Following the transaction, the vice president directly owned 53,607 shares in the company, valued at $314,673.09. This trade represents a 24.08% decrease in their position. The transaction was disclosed in a document filed 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 mid-day trading on Thursday, hitting $6.33. 1,181,211 shares of the stock traded hands, compared to its average volume of 1,021,120. The stock's fifty day moving average is $6.25 and its two-hundred day moving average is $6.11. Banco Santander Brasil SA has a 52-week low of $4.62 and a 52-week high of $7.32. The company has a debt-to-equity ratio of 3.15, a quick ratio of 1.62 and a current ratio of 1.62.

Banco Santander Brasil Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Aquamarine Financial Cayman Ltd lifted 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 buying an additional 775,000 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted 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 buying an additional 430,531 shares in the last quarter. Empowered Funds LLC purchased a new position in Banco Santander Brasil in the 4th quarter valued at about $9,772,000. Alpine Global Management LLC acquired a new position in Banco Santander Brasil in the 4th quarter valued at $4,735,000. Finally, Alliancebernstein L.P. raised its stake in Banco Santander Brasil by 99.6% in the 3rd quarter. Alliancebernstein L.P. now owns 327,261 shares of the bank's stock valued at $1,829,000 after purchasing an additional 163,314 shares during the last quarter. 14.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on BSBR shares. Weiss Ratings downgraded shares of Banco Santander Brasil from a "buy (b-)" rating to a "hold (c+)" rating in a research note 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 equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus 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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