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 bought 276,851 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was acquired at an average cost of $5.38 per share, for a total transaction of $1,489,458.38. Following the completion of the transaction, the chief executive officer owned 536,751 shares in the company, valued at $2,887,720.38. This represents a 106.52% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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 purchased 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 purchased 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 Trading Up 0.3%

Shares of BSBR traded up $0.02 during midday trading on Tuesday, hitting $5.42. 2,327,218 shares of the stock traded hands, compared to its average volume of 1,053,216. Banco Santander Brasil SA has a 1-year low of $4.62 and a 1-year high of $7.32. The business’s 50 day moving average price is $5.75 and its two-hundred day moving average price is $6.10. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.29 and a current ratio of 1.29.

Banco Santander Brasil Dividend Announcement

The firm also recently declared 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 Upgrades and Downgrades

BSBR has been the subject of several analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Banco Santander Brasil in a report on Wednesday, June 3rd. Wall Street Zen lowered Banco Santander Brasil from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Hedge Funds Weigh In On Banco Santander Brasil

Hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada lifted its position in shares of 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 lifted its position in shares of 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 bought a new position in shares of Banco Santander Brasil during the 4th quarter worth approximately $36,000. Cubist Systematic Strategies LLC bought a new position in shares of Banco Santander Brasil during the 1st quarter worth approximately $46,000. Finally, Tuttle Capital Management LLC bought a new position in shares of Banco Santander Brasil during the 4th quarter worth approximately $66,000. 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.