Banco Santander Brasil (NYSE:BSBR) CEO Mario Roberto Opice Leao Acquires 276,851 Shares

Banco Santander Brasil SA (NYSE:BSBR) CEO Mario Roberto Opice Leao acquired 276,851 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were bought at an average cost of $5.38 per share, with a total value of $1,489,458.38. Following the purchase, the chief executive officer owned 536,751 shares in the company, valued at approximately $2,887,720.38. The trade was a 106.52% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, June 11th, Mario Roberto Opice Leao acquired 148,400 shares of Banco Santander Brasil stock. The shares were bought at an average cost of $5.20 per share, with a total value of $771,680.00.
• On Monday, June 8th, Mario Roberto Opice Leao acquired 75,000 shares of Banco Santander Brasil stock. The shares were bought at an average cost of $5.21 per share, with a total value of $390,750.00.

Banco Santander Brasil Trading Up 0.3%

Shares of NYSE:BSBR opened at $5.42 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 3.25. Banco Santander Brasil SA has a 1 year low of $4.62 and a 1 year high of $7.32. The stock has a 50-day simple moving average of $5.74 and a 200-day simple moving average of $6.09.

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 dividend of $0.1064 per share. The ex-dividend date was Thursday, April 23rd.

Hedge Funds Weigh In On Banco Santander Brasil

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Aquamarine Financial Cayman Ltd boosted its holdings in Banco Santander Brasil by 8.6% in 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 period. Arrowstreet Capital Limited Partnership raised its position 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 valued at $16,531,000 after purchasing an additional 430,531 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Banco Santander Brasil in the 4th quarter valued at approximately $9,772,000. Alpine Global Management LLC acquired a new position in shares of Banco Santander Brasil in the 4th quarter valued at approximately $4,735,000. Finally, Alliancebernstein L.P. raised its position in shares of Banco Santander Brasil by 99.6% in the 3rd quarter. Alliancebernstein L.P. now owns 327,261 shares of the bank’s stock valued at $1,829,000 after purchasing an additional 163,314 shares in the last quarter. Hedge funds and other institutional investors own 14.53% of the company’s stock.

Wall Street Analysts Forecast Growth

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