Banco Santander (NYSE:SAN) Reaches New 52-Week High - Time to Buy?

Key Points

• Banco Santander shares reached a new 52-week high of $9.83, with a recent trading price of $9.78 after a significant trading volume of 4.8 million shares.
• Analyst ratings are mixed, with two firms issuing a buy rating while another downgraded to hold, resulting in an average rating categorized as "Moderate Buy".
• The company reported a quarterly EPS of $0.22, which was below the consensus estimate of $0.26, but exceeded revenue expectations with $17.83 billion for the quarter.

Banco Santander, S.A. (NYSE:SAN - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $9.83 and last traded at $9.78, with a volume of 4796509 shares. The stock had previously closed at $9.76.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on SAN shares. Citigroup started coverage on Banco Santander in a report on Wednesday, June 4th. They set a "buy" rating on the stock. Kepler Capital Markets downgraded shares of Banco Santander from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy".

Banco Santander Stock Performance

The stock has a market cap of $149.75 billion, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of 0.82 and a beta of 1.08. The company has a 50 day moving average of $9.15 and a 200-day moving average of $7.92.

Banco Santander (NYSE:SAN - Get Free Report) last announced its quarterly earnings data 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). The business had revenue of $17.83 billion during the quarter, compared to analyst estimates of $17.69 billion. Banco Santander had a net margin of 17.30% and a return on equity of 11.98%. Banco Santander has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Banco Santander, S.A. will post 0.83 EPS for the current year.

Institutional Investors Weigh In On Banco Santander

A number of hedge funds have recently bought and sold shares of SAN. Valeo Financial Advisors LLC increased its stake in shares of Banco Santander by 14.1% during the second quarter. Valeo Financial Advisors LLC now owns 55,141 shares of the bank's stock worth $458,000 after buying an additional 6,817 shares during the period. Osaic Holdings Inc. increased its position in shares of Banco Santander by 26.3% in the 2nd quarter. Osaic Holdings Inc. now owns 110,480 shares of the bank's stock valued at $875,000 after purchasing an additional 23,038 shares during the last quarter. Orion Porfolio Solutions LLC raised its holdings in shares of Banco Santander by 127.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 363,757 shares of the bank's stock valued at $3,019,000 after purchasing an additional 203,674 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of Banco Santander during the second quarter worth $155,000. Finally, State of Wyoming acquired a new stake in Banco Santander in the second quarter valued at $130,000. Institutional investors and hedge funds own 9.19% of the company's stock.

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.