Key Points
- Banco Santander Brasil CEO Mario Roberto Opice Leao bought 148,400 shares on June 11 at an average price of $5.20, a transaction worth about $771,680.
- The purchase lifted his direct holdings to 259,900 shares, representing a 133% increase in his ownership stake. He also bought 75,000 shares on June 8 at $5.21 per share.
- BSBR shares recently traded at $5.43, near the lower end of their 52-week range, while analysts currently have an average rating of "Reduce" on the stock.
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Banco Santander Brasil SA (NYSE:BSBR - Get Free Report) CEO Mario Roberto Opice Leao bought 148,400 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 259,900 shares of the company's stock, valued at $1,351,480. The trade was a 133.09% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
Mario Roberto Opice Leao also recently made the following trade(s):
- On Monday, June 8th, Mario Roberto Opice Leao bought 75,000 shares of Banco Santander Brasil stock. The stock was 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 BSBR opened at $5.43 on Friday. Banco Santander Brasil SA has a twelve month low of $4.62 and a twelve month high of $7.32. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.29 and a current ratio of 1.29. The company has a 50 day moving average of $5.76 and a two-hundred day moving average of $6.10.
Banco Santander Brasil Announces Dividend
The company also recently announced a special dividend, which was paid on Monday, May 18th. Shareholders of record on Thursday, April 23rd were paid a $0.1064 dividend. The ex-dividend date was Thursday, April 23rd.
Institutional Inflows and Outflows
A number of hedge funds 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 approximately $9,772,000. Aquamarine Financial Cayman Ltd increased 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 in the last quarter. Alpine Global Management LLC acquired a new position in Banco Santander Brasil during the 4th quarter valued at approximately $4,735,000. Arrowstreet Capital Limited Partnership increased 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 in the last quarter. Finally, Millennium Management LLC increased 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 in the last quarter. Institutional investors and hedge funds own 14.53% of the company's stock.
Wall Street Analysts Forecast Growth
BSBR has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Banco Santander Brasil from a "buy" rating to a "hold" rating in a research note 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 given a Sell rating to the company's stock. According to data from MarketBeat.com, Banco Santander Brasil currently has an average rating of "Reduce".
Get Our Latest Stock Analysis on Banco Santander Brasil
About Banco Santander Brasil
(
Get Free Report)
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.
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