Banco Santander Brasil (NYSE:BSBR) CEO Acquires $1,489,458.38 in Stock

Banco Santander Brasil SA (NYSE:BSBRGet Free Report) CEO Mario Roberto Opice Leao purchased 276,851 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were acquired at an average price 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 of the company’s stock, valued at approximately $2,887,720.38. The trade was a 106.52% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

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

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

Banco Santander Brasil Price Performance

Shares of BSBR opened at $5.21 on Friday. The business’s 50-day moving average is $5.71 and its two-hundred day moving average is $6.07. Banco Santander Brasil SA has a fifty-two week low of $4.62 and a fifty-two week 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 was Thursday, April 23rd.

Hedge Funds Weigh In On Banco Santander Brasil

Large investors have recently bought and sold shares of the business. Empowered Funds LLC purchased a new position in Banco Santander Brasil during the fourth quarter worth approximately $9,772,000. Aquamarine Financial Cayman Ltd increased its position in shares of Banco Santander Brasil by 8.6% in the fourth quarter. Aquamarine Financial Cayman Ltd now owns 9,770,322 shares of the bank’s stock valued at $59,697,000 after buying an additional 775,000 shares in the last quarter. Alpine Global Management LLC purchased a new stake in shares of Banco Santander Brasil in the fourth quarter valued at approximately $4,735,000. Arrowstreet Capital Limited Partnership raised its stake in shares of 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 worth $16,531,000 after buying an additional 430,531 shares during the period. Finally, Millennium Management LLC raised its stake in shares of Banco Santander Brasil by 2,671.0% during the 3rd quarter. Millennium Management LLC now owns 326,451 shares of the bank’s stock worth $1,825,000 after buying an additional 314,670 shares during the period. Institutional investors and hedge funds own 14.53% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on BSBR shares. Weiss Ratings restated a “hold (c+)” rating on shares of Banco Santander Brasil in a research report on Wednesday, June 3rd. Wall Street Zen lowered shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Banco Santander Brasil has an average rating of “Reduce”.

Check Out Our Latest Report on BSBR

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.

See Also

Insider Buying and Selling by Quarter for Banco Santander Brasil (NYSE:BSBR)

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