Banco Santander (NYSE:SAN) Hits New 1-Year High – Still a Buy?

Shares of Banco Santander, S.A. (NYSE:SAN) reached a new 52-week high on Tuesday . The company traded as high as $6.10 and last traded at $6.11, with a volume of 60981 shares trading hands. The stock had previously closed at $6.02.

Analyst Ratings Changes

SAN has been the subject of a number of analyst reports. The Goldman Sachs Group lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Tuesday, November 26th. Finally, StockNews.com raised Banco Santander from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

Banco Santander Trading Up 0.9 %

The firm has a market cap of $95.51 billion, a P/E ratio of 7.27, a price-to-earnings-growth ratio of 0.78 and a beta of 1.12. The stock has a fifty day simple moving average of $5.01 and a 200 day simple moving average of $4.89. The company has a debt-to-equity ratio of 13.83, a quick ratio of 0.23 and a current ratio of 2.24.

Banco Santander (NYSE:SAN) last issued its quarterly earnings data on Wednesday, February 5th. The bank reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. Banco Santander had a return on equity of 11.90% and a net margin of 15.88%. On average, research analysts expect that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Banco Santander

Institutional investors and hedge funds have recently bought and sold shares of the stock. R Squared Ltd purchased a new position in Banco Santander during the fourth quarter valued at $27,000. Larson Financial Group LLC lifted its position in Banco Santander by 2,226.3% during the fourth quarter. Larson Financial Group LLC now owns 5,839 shares of the bank’s stock valued at $27,000 after purchasing an additional 5,588 shares in the last quarter. Sierra Ocean LLC purchased a new position in Banco Santander during the fourth quarter valued at $32,000. WealthCollab LLC lifted its position in Banco Santander by 35.1% during the fourth quarter. WealthCollab LLC now owns 7,801 shares of the bank’s stock valued at $36,000 after purchasing an additional 2,028 shares in the last quarter. Finally, Advisors Preferred LLC purchased a new position in Banco Santander during the fourth quarter valued at $37,000. 9.19% of the stock is currently 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.