Insider Buying: Banco Santander Brasil (NYSE:BSBR) CEO Buys 75,000 Shares of Stock

Banco Santander Brasil SA (NYSE:BSBR) CEO Mario Roberto Opice Leao acquired 75,000 shares of Banco Santander Brasil stock in a transaction dated Monday, June 8th. The shares were purchased at an average cost of $5.21 per share, with a total value of $390,750.00. Following the completion of the transaction, the chief executive officer directly owned 111,500 shares of the company’s stock, valued at $580,915. This trade represents a 205.48% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Banco Santander Brasil Price Performance

Shares of BSBR stock traded down $0.02 on Monday, hitting $5.23. 2,413,866 shares of the stock were exchanged, compared to its average volume of 1,006,584. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 3.25. The business has a 50-day moving average of $5.81 and a 200 day moving average of $6.13. Banco Santander Brasil SA has a fifty-two week low of $4.62 and a fifty-two week high of $7.32.

Banco Santander Brasil Dividend Announcement

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

Analysts Set New Price Targets

Several analysts recently issued reports on BSBR shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Banco Santander Brasil in a report on Wednesday. Wall Street Zen lowered Banco Santander Brasil from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Institutional Trading of Banco Santander Brasil

Institutional investors and hedge funds have recently bought and sold shares of the business. Empowered Funds LLC bought a new position in shares of Banco Santander Brasil during the fourth quarter worth approximately $9,772,000. Alpine Global Management LLC bought a new position in shares of Banco Santander Brasil during the fourth quarter worth approximately $4,735,000. Aquamarine Financial Cayman Ltd increased its stake in shares of Banco Santander Brasil by 8.6% during the fourth quarter. Aquamarine Financial Cayman Ltd now owns 9,770,322 shares of the bank’s stock worth $59,697,000 after purchasing an additional 775,000 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Banco Santander Brasil by 17.0% during the third 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 during the period. Finally, Millennium Management LLC increased its stake in shares of Banco Santander Brasil by 2,671.0% during the third 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. Institutional investors own 14.53% of the company’s stock.

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.