Banco Santander (NYSE:SAN) Sets New 52-Week High at $5.05

Banco Santander, S.A. (NYSE:SAN) shares reached a new 52-week high on Wednesday . The stock traded as high as $5.05 and last traded at $5.04, with a volume of 915434 shares traded. The stock had previously closed at $4.99.

Wall Street Analyst Weigh In

Separately, Barclays upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 25th.

Banco Santander Trading Up 0.2 %

The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 4.24. The stock has a market cap of $80.08 billion, a P/E ratio of 7.23, a PEG ratio of 0.49 and a beta of 1.22. The firm’s 50-day simple moving average is $4.53 and its 200 day simple moving average is $4.16.

Banco Santander (NYSE:SAN) last posted its earnings results on Tuesday, January 30th. The bank reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. Banco Santander had a net margin of 19.29% and a return on equity of 10.82%. The firm had revenue of $15.67 billion during the quarter. During the same quarter last year, the company posted $0.14 EPS. As a group, equities research analysts anticipate that Banco Santander, S.A. will post 0.8 earnings per share for the current year.

Banco Santander Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Tuesday, April 30th will be given a $0.1027 dividend. This is a boost from Banco Santander’s previous semi-annual dividend of $0.09. The ex-dividend date is Monday, April 29th. This represents a yield of 3.2%. Banco Santander’s dividend payout ratio is 17.14%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Principal Securities Inc. bought a new position in shares of Banco Santander in the fourth quarter valued at approximately $35,000. Glassman Wealth Services boosted its holdings in shares of Banco Santander by 56.3% in the fourth quarter. Glassman Wealth Services now owns 9,565 shares of the bank’s stock valued at $40,000 after acquiring an additional 3,444 shares in the last quarter. Financial Management Professionals Inc. boosted its holdings in shares of Banco Santander by 1,853.0% in the first quarter. Financial Management Professionals Inc. now owns 8,359 shares of the bank’s stock valued at $40,000 after acquiring an additional 7,931 shares in the last quarter. Riversedge Advisors LLC bought a new position in shares of Banco Santander in the fourth quarter valued at approximately $42,000. Finally, Coldstream Capital Management Inc. bought a new position in shares of Banco Santander in the fourth quarter valued at approximately $42,000. Institutional investors own 9.19% of the company’s stock.

Banco Santander Company Profile

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.