Banco Santander (NYSE:SAN) Hits New 52-Week High - What's Next?

Key Points

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Banco Santander, S.A. (NYSE:SAN - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $9.70 and last traded at $9.68, with a volume of 102406 shares. The stock had previously closed at $9.58.

Wall Street Analyst Weigh In

SAN has been the topic of a number of analyst reports. Wall Street Zen raised shares of Banco Santander from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Citigroup began coverage on shares of Banco Santander in a report on Wednesday, June 4th. They set a "buy" rating on the stock. Finally, Kepler Capital Markets downgraded shares of Banco Santander from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

Banco Santander Trading Up 2.0%

The stock's fifty day moving average is $8.71 and its two-hundred day moving average is $7.55. The company has a market capitalization of $145.36 billion, a PE ratio of 10.85, a P/E/G ratio of 1.10 and a beta of 1.06.

Banco Santander (NYSE:SAN - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The bank reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.04). Banco Santander had a return on equity of 11.98% and a net margin of 17.30%.The company had revenue of $17.83 billion during the quarter, compared to analysts' expectations of $17.69 billion. Banco Santander has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Institutional Investors Weigh In On Banco Santander

Institutional investors have recently added to or reduced their stakes in the business. Richardson Financial Services Inc. purchased a new stake in Banco Santander during the second quarter valued at about $25,000. Westside Investment Management Inc. purchased a new stake in Banco Santander during the second quarter valued at about $30,000. Atlantic Union Bankshares Corp purchased a new stake in Banco Santander during the second quarter valued at about $30,000. Dogwood Wealth Management LLC purchased a new stake in Banco Santander during the second quarter valued at about $33,000. Finally, Smithfield Trust Co purchased a new stake in Banco Santander during the second quarter valued at about $30,000. 9.19% of the stock is owned by hedge funds and other institutional investors.

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.