Banco Santander (NYSE:SAN) Sets New 52-Week High – What’s Next?

Banco Santander, S.A. (NYSE:SAN)’s share price hit a new 52-week high on Monday . The stock traded as high as $13.24 and last traded at $13.2750, with a volume of 127893 shares. The stock had previously closed at $12.87.

Wall Street Analysts Forecast Growth

SAN has been the topic of several research analyst reports. Wall Street Zen raised shares of Banco Santander from a “hold” rating to a “buy” rating in a research note on Sunday, April 26th. Weiss Ratings cut shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, May 8th. Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 23rd. Santander reissued an “outperform” rating on shares of Banco Santander in a research note on Tuesday, May 12th. Finally, Royal Bank Of Canada raised shares of Banco Santander from a “sector perform” rating to an “outperform” rating in a research note on Monday, February 23rd. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Banco Santander Price Performance

The company’s 50 day moving average price is $12.24 and its 200 day moving average price is $11.93. The firm has a market capitalization of $196.76 billion, a P/E ratio of 11.07, a PEG ratio of 0.75 and a beta of 0.73.

Banco Santander (NYSE:SAN) last announced its quarterly earnings data on Wednesday, April 29th. The bank reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.02). Banco Santander had a net margin of 26.92% and a return on equity of 12.23%. The business had revenue of $17.53 billion during the quarter, compared to analyst estimates of $17.66 billion. On average, research analysts anticipate that Banco Santander, S.A. will post 1.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Banco Santander

Several large investors have recently bought and sold shares of the business. Orca Wealth Management LLC lifted its holdings in Banco Santander by 1.4% in the fourth quarter. Orca Wealth Management LLC now owns 65,572 shares of the bank’s stock valued at $852,000 after buying an additional 894 shares during the period. Composition Wealth LLC lifted its holdings in Banco Santander by 8.3% in the fourth quarter. Composition Wealth LLC now owns 12,442 shares of the bank’s stock valued at $146,000 after buying an additional 952 shares during the period. West Family Investments Inc. lifted its holdings in Banco Santander by 2.0% in the third quarter. West Family Investments Inc. now owns 49,186 shares of the bank’s stock valued at $515,000 after buying an additional 965 shares during the period. Riversedge Advisors LLC lifted its holdings in Banco Santander by 3.5% in the fourth quarter. Riversedge Advisors LLC now owns 29,426 shares of the bank’s stock valued at $345,000 after buying an additional 987 shares during the period. Finally, Stratos Investment Management LLC lifted its holdings in Banco Santander by 6.3% in the fourth quarter. Stratos Investment Management LLC now owns 16,870 shares of the bank’s stock valued at $198,000 after buying an additional 1,005 shares during the period. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander Company Profile

Banco Santander, SA (NYSE: SAN) is a Spanish multinational banking group headquartered in Santander, Spain. Founded in 1857, the bank has grown from a regional institution into one of Europe’s largest banking groups, operating a diversified financial services platform that serves retail, small and medium-sized enterprises, and large corporate clients. Santander is publicly listed in Spain and maintains American Depositary Receipts on the New York Stock Exchange under the ticker SAN.

The group’s core activities include retail and commercial banking—offering deposit accounts, payment services, mortgages, personal and auto loans, and small business financing—alongside corporate and investment banking services for larger institutional clients.