Insider Selling: Banco Santander Brasil (NYSE:BSBR) Insider Sells $180,201.60 in Stock

Banco Santander Brasil SA (NYSE:BSBR) insider Rafael Abujamra Kappaz sold 31,285 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $5.76, for a total transaction of $180,201.60. Following the sale, the insider owned 35,049 shares of the company’s stock, valued at approximately $201,882.24. This represents a 47.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Banco Santander Brasil Stock Performance

Shares of NYSE BSBR opened at $5.53 on Monday. The firm’s 50 day moving average price is $6.46 and its 200-day moving average price is $6.04. Banco Santander Brasil SA has a 52-week low of $4.26 and a 52-week high of $7.32. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 3.15.

Banco Santander Brasil Announces Dividend

The firm also recently declared a special dividend, which was paid on Wednesday, February 18th. Stockholders of record on Thursday, January 22nd were paid a $0.1001 dividend. The ex-dividend date was Thursday, January 22nd.

Analyst Ratings Changes

BSBR has been the subject of a number of recent analyst reports. Wall Street Zen raised Banco Santander Brasil from a “hold” rating to a “buy” rating in a research report on Thursday. 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 equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Institutional Investors Weigh In On Banco Santander Brasil

Hedge funds and other institutional investors have recently made changes to their positions in the business. Empowered Funds LLC purchased a new position in shares of Banco Santander Brasil in the fourth quarter worth approximately $9,772,000. Aquamarine Financial Cayman Ltd boosted its stake in shares of 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 acquiring an additional 775,000 shares during the last quarter. Alpine Global Management LLC bought a new stake in shares of Banco Santander Brasil during the 4th quarter valued at $4,735,000. Arrowstreet Capital Limited Partnership increased its stake in shares of 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 worth $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% in the 3rd 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 period. Hedge funds and other institutional investors own 14.53% of the company’s stock.

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.