Banco Santander (NYSE:SAN) Stock Passes Above 200 Day Moving Average - What's Next?

Key Points

• Banco Santander shares climbed above their 200-day moving average, reaching $14.68 and last trading near $14.66, compared with the moving average of $12.70.
• Analyst sentiment remains broadly positive, with six Buy ratings, three Holds, and one Sell, resulting in a “Moderate Buy” consensus despite recent downgrades.
• The bank slightly missed quarterly EPS expectations, reporting $0.27 versus $0.29 expected, while revenue of $17.93 billion exceeded estimates; institutional investors collectively own 9.19% of the stock.

Banco Santander, S.A. (NYSE:SAN - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.70 and traded as high as $14.68. Banco Santander shares last traded at $14.6550, with a volume of 14,316,704 shares changing hands.

Analyst Ratings Changes

SAN has been the subject of several recent analyst reports. Weiss Ratings downgraded shares of Banco Santander from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Wednesday, July 29th. Santander restated a "buy" rating on shares of Banco Santander in a report on Tuesday, June 23rd. Finally, Wall Street Zen lowered Banco Santander from a "buy" rating to a "hold" rating in a research report on Saturday, July 18th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Banco Santander has an average rating of "Moderate Buy".

Banco Santander Stock Performance

The firm has a market capitalization of $215.27 billion, a PE ratio of 11.91, a P/E/G ratio of 0.78 and a beta of 0.73. The stock's 50-day simple moving average is $14.00 and its 200-day simple moving average is $12.70.

Banco Santander (NYSE:SAN - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The bank reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). Banco Santander had a return on equity of 12.43% and a net margin of 26.94%.The company had revenue of $17.93 billion during the quarter, compared to analysts' expectations of $17.90 billion. As a group, analysts predict that Banco Santander, S.A. will post 1.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fiduciary Financial Group LLC raised its position in shares of Banco Santander by 4.0% during the second quarter. Fiduciary Financial Group LLC now owns 20,658 shares of the bank's stock valued at $285,000 after buying an additional 788 shares during the last quarter. Orca Wealth Management LLC boosted its position in shares of Banco Santander by 1.4% during the fourth quarter. Orca Wealth Management LLC now owns 65,572 shares of the bank's stock worth $852,000 after acquiring an additional 894 shares during the last quarter. Nilsine Partners LLC boosted its position in shares of Banco Santander by 4.2% during the second quarter. Nilsine Partners LLC now owns 23,331 shares of the bank's stock worth $322,000 after acquiring an additional 936 shares during the last quarter. Composition Wealth LLC grew its stake in Banco Santander by 8.3% during the fourth quarter. Composition Wealth LLC now owns 12,442 shares of the bank's stock valued at $146,000 after acquiring an additional 952 shares in the last quarter. Finally, Flputnam Investment Management Co. increased its holdings in Banco Santander by 6.1% in the 4th quarter. Flputnam Investment Management Co. now owns 17,477 shares of the bank's stock valued at $205,000 after acquiring an additional 1,011 shares during the last quarter. Hedge funds and other institutional investors own 9.19% of the company's stock.

About Banco Santander

Banco Santander, SA NYSE: SAN is a Spanish multinational banking group headquartered in Santander, Spain. Founded in 1857, the bank has grown from a regional institution into one of Europe's largest banking groups, operating a diversified financial services platform that serves retail, small and medium-sized enterprises, and large corporate clients. Santander is publicly listed in Spain and maintains American Depositary Receipts on the New York Stock Exchange under the ticker SAN.

The group's core activities include retail and commercial banking—offering deposit accounts, payment services, mortgages, personal and auto loans, and small business financing—alongside corporate and investment banking services for larger institutional clients.

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