Insider Buying: Banco Santander Brasil (NYSE:BSBR) CEO Acquires 276,851 Shares of Stock

Banco Santander Brasil SA (NYSE:BSBR) CEO Mario Roberto Opice Leao bought 276,851 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were bought at an average price of $5.38 per share, with a total value of $1,489,458.38. Following the transaction, the chief executive officer directly owned 536,751 shares in the company, valued at $2,887,720.38. This trade represents a 106.52% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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 stock was acquired at an average price 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 stock was acquired at an average price of $5.21 per share, with a total value of $390,750.00.

Banco Santander Brasil Stock Performance

BSBR traded up $0.02 during trading on Tuesday, hitting $5.42. The company’s stock had a trading volume of 2,327,218 shares, compared to its average volume of 1,053,216. The firm’s 50 day moving average price is $5.75 and its two-hundred day moving average price is $6.10. 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 12 month low of $4.62 and a 12 month high of $7.32.

Banco Santander Brasil Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Banco Santander Brasil in a research note on Wednesday, June 3rd. Wall Street Zen lowered 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Institutional Investors Weigh In On Banco Santander Brasil

Several institutional investors have recently bought and sold shares of the company. Aquamarine Financial Cayman Ltd boosted its position in 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 valued at $59,697,000 after purchasing an additional 775,000 shares during the last quarter. Arrowstreet Capital Limited Partnership raised 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 valued at $16,531,000 after buying an additional 430,531 shares during the period. Empowered Funds LLC acquired a new position in shares of Banco Santander Brasil in the fourth quarter valued at approximately $9,772,000. Alpine Global Management LLC acquired a new position in shares of Banco Santander Brasil in the fourth quarter valued at approximately $4,735,000. Finally, Alliancebernstein L.P. grew its position in shares of Banco Santander Brasil by 99.6% in the third 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 during the last quarter. Institutional investors own 14.53% of the company’s stock.

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.