Alpine Global Management LLC Buys Shares of 775,000 Banco Santander Brasil SA $BSBR

Alpine Global Management LLC bought a new position in shares of Banco Santander Brasil SA (NYSE:BSBR) in the 4th quarter, HoldingsChannel reports. The fund bought 775,000 shares of the bank’s stock, valued at approximately $4,735,000. Banco Santander Brasil makes up 0.8% of Alpine Global Management LLC’s portfolio, making the stock its 29th biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Royal Bank of Canada grew its stake in shares of Banco Santander Brasil by 288.1% in the fourth quarter. Royal Bank of Canada now owns 5,038 shares of the bank’s stock valued at $31,000 after buying an additional 3,740 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Banco Santander Brasil in the first quarter valued at approximately $46,000. Tuttle Capital Management LLC acquired a new position in shares of Banco Santander Brasil in the fourth quarter valued at approximately $66,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in Banco Santander Brasil during the 4th quarter worth approximately $76,000. Finally, Squarepoint Ops LLC purchased a new stake in Banco Santander Brasil during the 3rd quarter worth approximately $78,000. 14.53% of the stock is owned by hedge funds and other institutional investors.

Banco Santander Brasil Price Performance

Banco Santander Brasil stock opened at $5.21 on Friday. The company has a fifty day simple moving average of $5.71 and a 200-day simple moving average of $6.07. Banco Santander Brasil SA has a 12-month low of $4.62 and a 12-month 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 Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have commented on BSBR. Wall Street Zen downgraded shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Banco Santander Brasil in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

Insider Activity at Banco Santander Brasil

In related news, insider Alexandre Teixeira De Araujo sold 20,156 shares of the stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $5.94, for a total value of $119,726.64. Following the transaction, the insider directly owned 18,071 shares of the company’s stock, valued at $107,341.74. This trade represents a 52.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Eduardo Alvarez Garrido sold 7,500 shares of Banco Santander Brasil stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $5.43, for a total transaction of $40,725.00. Following the sale, the insider owned 24,701 shares in the company, valued at $134,126.43. This represents a 23.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have acquired 500,251 shares of company stock worth $2,651,888 and have sold 57,989 shares worth $339,687. 0.06% of the stock is currently owned by insiders.

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.