Intrust Bank NA Buys New Shares in Banco Santander, S.A. $SAN

Intrust Bank NA purchased a new position in Banco Santander, S.A. (NYSE:SAN) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 15,728 shares of the bank’s stock, valued at approximately $131,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SAN. Flow Traders U.S. LLC grew its position in Banco Santander by 390.2% during the 1st quarter. Flow Traders U.S. LLC now owns 176,881 shares of the bank’s stock worth $1,185,000 after acquiring an additional 140,800 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Banco Santander by 12.9% during the first quarter. PNC Financial Services Group Inc. now owns 299,177 shares of the bank’s stock valued at $2,004,000 after purchasing an additional 34,248 shares during the period. Pekin Hardy Strauss Inc. grew its holdings in shares of Banco Santander by 104.3% in the second quarter. Pekin Hardy Strauss Inc. now owns 241,250 shares of the bank’s stock worth $2,002,000 after purchasing an additional 123,150 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Banco Santander by 17.8% during the 1st quarter. Russell Investments Group Ltd. now owns 362,080 shares of the bank’s stock valued at $2,426,000 after buying an additional 54,664 shares during the last quarter. Finally, OLD Mission Capital LLC boosted its position in Banco Santander by 46.4% during the 1st quarter. OLD Mission Capital LLC now owns 887,446 shares of the bank’s stock valued at $5,946,000 after buying an additional 281,101 shares during the period. 9.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SAN shares. The Goldman Sachs Group downgraded shares of Banco Santander from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday, October 16th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Banco Santander in a research report on Wednesday, October 8th. Kepler Capital Markets lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Finally, Zacks Research lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold”.

Banco Santander Stock Performance

SAN stock opened at $10.29 on Thursday. Banco Santander, S.A. has a fifty-two week low of $4.43 and a fifty-two week high of $11.13. The company has a market capitalization of $153.10 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 0.70 and a beta of 1.05. The business’s 50 day moving average price is $10.17 and its two-hundred day moving average price is $9.11.

Banco Santander (NYSE:SAN) last released its earnings results on Wednesday, October 29th. The bank reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The firm had revenue of $17.80 billion during the quarter, compared to analysts’ expectations of $15.32 billion. Banco Santander had a net margin of 17.90% and a return on equity of 11.92%. Banco Santander has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Banco Santander Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, November 6th. Stockholders of record on Friday, October 31st were given a $0.0956 dividend. The ex-dividend date of this dividend was Friday, October 31st. This represents a dividend yield of 263.0%. Banco Santander’s dividend payout ratio is currently 19.15%.

About Banco Santander

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.