Mario Roberto Opice Leao Purchases 276,851 Shares of Banco Santander Brasil (NYSE:BSBR) Stock

Banco Santander Brasil SA (NYSE:BSBR) CEO Mario Roberto Opice Leao purchased 276,851 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were purchased at an average cost of $5.38 per share, for a total transaction of $1,489,458.38. Following the purchase, 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 transaction was disclosed in a document filed with the SEC, which is available through 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 Stock Down 0.6%

Shares of BSBR stock opened at $5.38 on Thursday. 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 SA has a 1-year low of $4.62 and a 1-year high of $7.32. The firm has a fifty day moving average of $5.72 and a two-hundred day moving average of $6.08.

Banco Santander Brasil Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of 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. Based on data from MarketBeat.com, Banco Santander Brasil has a consensus rating of “Reduce”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BSBR. Empowered Funds LLC acquired a new position in Banco Santander Brasil during the 4th quarter valued at about $9,772,000. Aquamarine Financial Cayman Ltd boosted its stake in Banco Santander Brasil by 8.6% during the 4th 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 period. Alpine Global Management LLC acquired a new position in Banco Santander Brasil during the 4th quarter valued at about $4,735,000. Arrowstreet Capital Limited Partnership boosted its stake in Banco Santander Brasil by 17.0% during 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 during the period. Finally, Millennium Management LLC boosted its stake in Banco Santander Brasil by 2,671.0% during the 3rd quarter. Millennium Management LLC now owns 326,451 shares of the bank’s stock valued at $1,825,000 after purchasing an additional 314,670 shares during the period. 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.