Insider Buying: Banco Santander Brasil (NYSE:BSBR) CEO Acquires $390,750.00 in Stock

Banco Santander Brasil SA (NYSE:BSBR) CEO Mario Roberto Opice Leao bought 75,000 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was purchased at an average price of $5.21 per share, for a total transaction of $390,750.00. Following the acquisition, the chief executive officer directly owned 111,500 shares of the company’s stock, valued at approximately $580,915. The trade was a 205.48% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Banco Santander Brasil Stock Performance

Shares of Banco Santander Brasil stock opened at $5.28 on Thursday. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.29 and a current ratio of 1.29. Banco Santander Brasil SA has a 52-week low of $4.62 and a 52-week high of $7.32. The company’s 50 day moving average price is $5.79 and its 200-day moving average price is $6.11.

Banco Santander Brasil Dividend Announcement

The company also recently announced a special dividend, which was paid on Monday, May 18th. Stockholders of record on Thursday, April 23rd were issued a $0.1064 dividend. The ex-dividend date was Thursday, April 23rd.

Institutional Trading of Banco Santander Brasil

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BSBR. Empowered Funds LLC purchased a new stake in Banco Santander Brasil in the fourth quarter worth $9,772,000. Aquamarine Financial Cayman Ltd lifted its stake in Banco Santander Brasil by 8.6% in the fourth 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 period. Alpine Global Management LLC purchased a new stake in Banco Santander Brasil in the fourth quarter worth $4,735,000. Arrowstreet Capital Limited Partnership lifted 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 worth $16,531,000 after acquiring an additional 430,531 shares during the period. Finally, Millennium Management LLC lifted its stake in Banco Santander Brasil by 2,671.0% in the third quarter. Millennium Management LLC now owns 326,451 shares of the bank’s stock worth $1,825,000 after acquiring an additional 314,670 shares during the period. Hedge funds and other institutional investors own 14.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on BSBR shares. Weiss Ratings restated a “hold (c+)” rating on shares of Banco Santander Brasil in a report on Wednesday, June 3rd. Wall Street Zen cut shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

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.