Insider Buying: Banco Santander Brasil (NYSE:BSBR) CEO Buys 75,000 Shares of Stock

Banco Santander Brasil SA (NYSE:BSBR) CEO Mario Roberto Opice Leao acquired 75,000 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were bought at an average cost of $5.21 per share, with a total value of $390,750.00. Following the completion of the purchase, the chief executive officer owned 111,500 shares of the company’s stock, valued at $580,915. This trade represents a 205.48% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Banco Santander Brasil Stock Down 0.3%

Shares of Banco Santander Brasil stock traded down $0.02 during trading on Monday, reaching $5.23. 2,413,866 shares of the company were exchanged, compared to its average volume of 1,006,584. 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 SA has a twelve month low of $4.62 and a twelve month high of $7.32. The business has a 50-day moving average price of $5.81 and a 200-day moving average price of $6.13.

Banco Santander Brasil Dividend Announcement

The firm 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 of this dividend was Thursday, April 23rd.

Analysts Set New Price Targets

A number of research analysts have issued reports on BSBR shares. Wall Street Zen cut Banco Santander Brasil from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings reissued a “hold (c+)” rating on shares of Banco Santander Brasil in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BSBR. EverSource Wealth Advisors LLC boosted its position in shares of Banco Santander Brasil by 251.5% during the first 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. Royal Bank of Canada boosted its position in shares of Banco Santander Brasil by 41.6% during the first quarter. Royal Bank of Canada now owns 7,136 shares of the bank’s stock worth $43,000 after buying an additional 2,098 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Banco Santander Brasil by 9.4% during the first quarter. Public Employees Retirement System of Ohio now owns 81,609 shares of the bank’s stock worth $484,000 after buying an additional 6,982 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Banco Santander Brasil by 43.5% during the first quarter. Dimensional Fund Advisors LP now owns 221,909 shares of the bank’s stock worth $1,316,000 after buying an additional 67,224 shares during the period. Finally, SPX Gestao de Recursos Ltda boosted its position in shares of Banco Santander Brasil by 58.9% during the first quarter. SPX Gestao de Recursos Ltda now owns 86,883 shares of the bank’s stock worth $515,000 after buying an additional 32,189 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.