Erste Group Bank Comments on Banco Santander FY2026 Earnings

Key Points

• Erste Group Bank lowered Banco Santander’s FY2026 EPS estimate to $1.13 from $1.19, below the $1.23 consensus forecast, while projecting FY2027 EPS of $1.40.
• Analyst sentiment remains generally positive, with the stock carrying a “Moderate Buy” consensus rating and a $15.10 average price target.
• Banco Santander recently missed quarterly EPS expectations ($0.27 versus $0.29) but exceeded revenue estimates; institutional ownership stands at 9.19%, and the bank declared a $0.1439 dividend payable November 5.

Banco Santander, S.A. (NYSE:SAN - Free Report) - Research analysts at Erste Group Bank lowered their FY2026 earnings per share estimates for shares of Banco Santander in a research report issued to clients and investors on Thursday, October 8th. Erste Group Bank analyst H. Engel now expects that the bank will post earnings per share of $1.13 for the year, down from their prior estimate of $1.19. The consensus estimate for Banco Santander's current full-year earnings is $1.23 per share. Erste Group Bank also issued estimates for Banco Santander's FY2027 earnings at $1.40 EPS.

Other equities analysts have also recently issued reports about the stock. Weiss Ratings raised shares of Banco Santander from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Banco Santander in a research note on Monday, July 27th. Mediobanca reaffirmed an "outperform" rating on shares of Banco Santander in a report on Tuesday, September 15th. DZ Bank reiterated a "neutral" rating on shares of Banco Santander in a research note on Wednesday, July 22nd. Finally, Royal Bank Of Canada reissued a "buy" rating on shares of Banco Santander in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $15.10.

Banco Santander Price Performance

Banco Santander stock opened at $13.54 on Tuesday. The business has a 50 day simple moving average of $14.42 and a 200-day simple moving average of $13.30. Banco Santander has a 12 month low of $9.62 and a 12 month high of $15.05. The stock has a market capitalization of $198.97 billion, a PE ratio of 11.01, a price-to-earnings-growth ratio of 0.68 and a beta of 0.74.

Banco Santander (NYSE:SAN - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The bank reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.02). The company had revenue of $17.93 billion during the quarter, compared to analysts' expectations of $17.90 billion. Banco Santander had a net margin of 26.94% and a return on equity of 12.43%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SAN. NorthCrest Asset Manangement LLC acquired a new position in Banco Santander in the 3rd quarter valued at about $668,000. Avior Wealth Management LLC boosted its stake in shares of Banco Santander by 5.8% during the 3rd quarter. Avior Wealth Management LLC now owns 18,096 shares of the bank's stock worth $250,000 after purchasing an additional 987 shares during the last quarter. Burkett Asset Management Ltd grew its holdings in shares of Banco Santander by 7.0% during the third quarter. Burkett Asset Management Ltd now owns 126,210 shares of the bank's stock worth $1,745,000 after buying an additional 8,275 shares in the last quarter. Riversedge Advisors LLC grew its holdings in shares of Banco Santander by 4.1% during the third quarter. Riversedge Advisors LLC now owns 44,880 shares of the bank's stock worth $621,000 after buying an additional 1,778 shares in the last quarter. Finally, Wedmont Private Capital grew its holdings in shares of Banco Santander by 25.6% during the third quarter. Wedmont Private Capital now owns 46,644 shares of the bank's stock worth $629,000 after buying an additional 9,517 shares in the last quarter. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, November 5th. Stockholders of record on Friday, October 30th will be issued a $0.1439 dividend. This represents a dividend yield of 217.0%. The ex-dividend date is Friday, October 30th. Banco Santander's dividend payout ratio (DPR) is currently 17.07%.

Banco Santander Company Profile

Banco Santander, SA is a global banking group headquartered in Santander, Spain. Founded in 1857, the company provides financial services to individuals, businesses and institutions through subsidiaries and branches across Europe, North America and South America.

Its principal activities include retail and commercial banking, consumer finance, corporate and investment banking, wealth management, insurance and payment services. Santander offers products such as checking and savings accounts, mortgages, personal loans, credit cards, business financing, investment products and digital banking solutions.

The group serves customers in markets including Spain, the United Kingdom, Portugal, Poland, Brazil, Mexico, Chile, Argentina and the United States.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.