Mario Roberto Opice Leao Acquires 148,400 Shares of Banco Santander Brasil (NYSE:BSBR) Stock

Banco Santander Brasil SA (NYSE:BSBR) CEO Mario Roberto Opice Leao acquired 148,400 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were bought at an average price of $5.20 per share, for a total transaction of $771,680.00. Following the purchase, the chief executive officer directly owned 259,900 shares of the company’s stock, valued at approximately $1,351,480. This trade represents a 133.09% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Mario Roberto Opice Leao also recently made the following trade(s):

• On Monday, June 8th, Mario Roberto Opice Leao acquired 75,000 shares of Banco Santander Brasil stock. The stock was purchased at an average cost of $5.21 per share, for a total transaction of $390,750.00.

Banco Santander Brasil Price Performance

Banco Santander Brasil stock traded up $0.06 during midday trading on Friday, hitting $5.43. The company’s stock had a trading volume of 1,626,224 shares, compared to its average volume of 1,036,698. Banco Santander Brasil SA has a 12 month low of $4.62 and a 12 month high of $7.32. The stock’s 50-day moving average price is $5.77 and its 200-day moving average price is $6.11. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.29 and a quick ratio of 1.29.

Banco Santander Brasil Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Monday, May 18th. Stockholders of record on Thursday, April 23rd were paid a dividend of $0.1064 per share. The ex-dividend date of this dividend was Thursday, April 23rd.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BSBR. Royal Bank of Canada raised its stake 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 buying an additional 3,740 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Banco Santander Brasil by 251.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,804 shares of the bank’s stock valued at $34,000 after buying an additional 4,153 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Banco Santander Brasil during the 4th quarter valued at about $36,000. Cubist Systematic Strategies LLC bought a new stake in shares of Banco Santander Brasil during the 1st quarter valued at $46,000. Finally, Tuttle Capital Management LLC acquired a new position in shares of Banco Santander Brasil during the 4th quarter worth about $66,000. 14.53% of the stock is currently 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.