Banco Santander Brasil (NYSE:BSBR) CEO Purchases $771,680.00 in Stock

Banco Santander Brasil SA (NYSE:BSBR) CEO Mario Roberto Opice Leao acquired 148,400 shares of Banco Santander Brasil stock in a transaction dated Thursday, June 11th. The shares were purchased at an average cost of $5.20 per share, with a total value of $771,680.00. Following the completion of the transaction, the chief executive officer directly owned 259,900 shares of the company’s stock, valued at $1,351,480. This trade represents a 133.09% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at 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 shares were purchased at an average price of $5.21 per share, with a total value of $390,750.00.

Banco Santander Brasil Price Performance

Shares of NYSE:BSBR traded up $0.06 during mid-day trading on Friday, reaching $5.43. 1,626,224 shares of the stock were exchanged, compared to its average volume of 1,036,698. The stock’s 50 day simple moving average is $5.77 and its 200-day simple moving average is $6.11. Banco Santander Brasil SA has a one year low of $4.62 and a one year high of $7.32. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 3.25.

Banco Santander Brasil Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Wall Street Zen cut Banco Santander Brasil from a “buy” rating to a “hold” rating in a research report 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 equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada lifted its holdings in Banco Santander Brasil by 288.1% during the 4th quarter. Royal Bank of Canada now owns 5,038 shares of the bank’s stock worth $31,000 after buying an additional 3,740 shares during the period. EverSource Wealth Advisors LLC raised its stake in Banco Santander Brasil by 251.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,804 shares of the bank’s stock worth $34,000 after buying an additional 4,153 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Banco Santander Brasil in the fourth quarter worth approximately $36,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Banco Santander Brasil in the first quarter worth approximately $46,000. Finally, Tuttle Capital Management LLC bought a new position in shares of Banco Santander Brasil in the fourth quarter valued at approximately $66,000. 14.53% of the stock is 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.