Banco Santander Brasil (NYSE:BSBR) Share Price Breaks Above 200 Day Moving Average - Time to Sell?

Key Points

• BSBR rose above its 200-day moving average, reaching $5.82 and last trading at $5.785, signaling improved technical momentum.
• Analyst sentiment remains cautious: the stock has an average “Reduce” rating, with one Buy, three Holds, and two Sells, and a consensus price target of $6.10.
• The company offers an annualized dividend of $0.42 per share, yielding about 7.2%, but insiders sold 233,438 shares worth approximately $1.34 million over the past 90 days.

Banco Santander Brasil SA (NYSE:BSBR - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $5.65 and traded as high as $5.82. Banco Santander Brasil shares last traded at $5.7850, with a volume of 1,711,797 shares traded.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. 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. Weiss Ratings raised shares of Banco Santander Brasil from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday. UBS Group downgraded shares of Banco Santander Brasil from a "buy" rating to a "neutral" rating in a report on Monday, August 24th. Zacks Research lowered shares of Banco Santander Brasil from a "hold" rating to a "strong sell" rating in a research report on Friday, July 3rd. Finally, HSBC reaffirmed a "hold" rating and set a $6.20 target price (down from $7.20) on shares of Banco Santander Brasil in a report on Tuesday, September 15th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus price target of $6.10.

Banco Santander Brasil Trading Down 0.4%

The stock has a fifty day moving average of $5.78 and a 200 day moving average of $5.65. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 3.34.

Banco Santander Brasil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Thursday, July 30th were given a $0.1045 dividend. The ex-dividend date was Thursday, July 30th. This represents a $0.42 dividend on an annualized basis and a yield of 7.2%.

Insiders Place Their Bets

In other news, VP Cezar Augusto Janikian sold 6,600 shares of Banco Santander Brasil stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $5.72, for a total transaction of $37,752.00. Following the transaction, the vice president directly owned 47,007 shares of the company's stock, valued at $268,880.04. The trade was a 12.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Edmilson Saes sold 50,000 shares of Banco Santander Brasil stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $5.79, for a total value of $289,500.00. Following the transaction, the vice president directly owned 300,203 shares in the company, valued at approximately $1,738,175.37. The trade was a 14.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 233,438 shares of company stock valued at $1,338,299. 0.06% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Banco Santander Brasil

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in Banco Santander Brasil by 20.9% during the third quarter. GAMMA Investing LLC now owns 22,429 shares of the bank's stock valued at $125,000 after purchasing an additional 3,877 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Banco Santander Brasil by 80.9% in the third quarter. Farther Finance Advisors LLC now owns 4,501 shares of the bank's stock worth $25,000 after purchasing an additional 2,013 shares during the period. QRG Capital Management Inc. purchased a new stake in shares of Banco Santander Brasil in the second quarter worth $57,000. Engineers Gate Manager LP increased its stake in shares of Banco Santander Brasil by 765.6% in the second quarter. Engineers Gate Manager LP now owns 139,178 shares of the bank's stock worth $731,000 after purchasing an additional 123,100 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Banco Santander Brasil in the second quarter worth $476,000. Institutional investors own 14.53% of the company's stock.

About Banco Santander Brasil

Banco Santander (Brasil) SA is a Brazilian financial institution and a subsidiary of Spain-based Banco Santander. Headquartered in São Paulo, the bank serves individuals, small and midsize businesses, corporations, and institutional clients throughout Brazil.

The company provides retail and commercial banking services, including checking and savings accounts, consumer and business lending, credit and debit cards, mortgages, payment solutions, and digital banking. Its broader platform also includes corporate and investment banking, private banking, asset management, insurance, and other financial services.

Santander Brasil's operations were built in part through the expansion of Banco Santander in Brazil and the acquisition of Banco do Estado de São Paulo (Banespa) in 2000.

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