Banco Santander, S.A. (NYSE:SAN) Short Interest Update

Key Points

• Banco Santander saw a significant increase in short interest, rising by 43.1% in August, totaling 7,770,000 shares, with a short-interest ratio of 1.3 days.
• After a mixed review from analysts, the stock currently has an average rating of "Moderate Buy", with two analysts rating it a Buy and two a Hold.
• Banco Santander's stock recently increased 2.2% to $9.74, though it missed EPS estimates in its last earnings report, posting $0.22 EPS against expectations of $0.26.

Banco Santander, S.A. (NYSE:SAN - Get Free Report) was the target of a large increase in short interest in August. As of August 15th, there was short interest totaling 7,770,000 shares, anincreaseof43.1% from the July 31st total of 5,430,000 shares. Based on an average daily volume of 5,790,000 shares, the short-interest ratio is presently 1.3 days. Currently,0.1% of the shares of the stock are short sold. Currently,0.1% of the shares of the stock are short sold. Based on an average daily volume of 5,790,000 shares, the short-interest ratio is presently 1.3 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Richardson Financial Services Inc. acquired a new stake in Banco Santander in the second quarter worth about $25,000. Wayfinding Financial LLC acquired a new position in Banco Santander in the first quarter worth approximately $28,000. Westside Investment Management Inc. bought a new stake in Banco Santander during the second quarter worth approximately $30,000. Atlantic Union Bankshares Corp bought a new stake in Banco Santander during the second quarter worth approximately $30,000. Finally, Smithfield Trust Co bought a new stake in shares of Banco Santander in the second quarter valued at approximately $30,000. 9.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Wall Street Zen upgraded Banco Santander from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Kepler Capital Markets cut Banco Santander from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Finally, Citigroup assumed coverage on Banco Santander in a research report on Wednesday, June 4th. They issued a "buy" rating on the stock. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

Banco Santander Stock Up 2.2%

Shares of Banco Santander stock traded up $0.21 during mid-day trading on Monday, hitting $9.74. The stock had a trading volume of 2,391,738 shares, compared to its average volume of 5,497,438. The firm has a market cap of $144.91 billion, a P/E ratio of 10.82, a price-to-earnings-growth ratio of 1.07 and a beta of 1.08. Banco Santander has a 12-month low of $4.43 and a 12-month high of $9.82. The firm has a 50-day moving average of $9.00 and a two-hundred day moving average of $7.81.

Banco Santander (NYSE:SAN - Get Free Report) last posted its earnings results on Wednesday, July 30th. The bank reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.04). Banco Santander had a net margin of 17.30% and a return on equity of 11.98%. 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. Sell-side analysts expect that Banco Santander will post 0.83 earnings per share for the current year.

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.

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