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

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group cut Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. StockNews.com upgraded Banco Santander from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Finally, Morgan Stanley upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Tuesday, November 26th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Banco Santander Trading Up 0.9 %

The company has a current ratio of 2.24, a quick ratio of 0.23 and a debt-to-equity ratio of 13.83. The firm has a fifty day simple moving average of $5.01 and a two-hundred day simple moving average of $4.89. The firm has a market cap of $95.51 billion, a PE ratio of 7.27, a PEG ratio of 0.78 and a beta of 1.12.

Banco Santander (NYSE:SAN) last released its quarterly earnings data on Wednesday, February 5th. The bank reported $0.21 earnings per share 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%. Equities analysts forecast that Banco Santander, S.A. will post 0.83 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. R Squared Ltd purchased a new position in shares of Banco Santander in the 4th quarter valued at approximately $27,000. Larson Financial Group LLC lifted its stake in shares of Banco Santander by 2,226.3% in the 4th 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 during the period. Sierra Ocean LLC purchased a new position in shares of Banco Santander in the 4th quarter valued at approximately $32,000. WealthCollab LLC lifted its stake in shares of Banco Santander by 35.1% in the 4th quarter. WealthCollab LLC now owns 7,801 shares of the bank’s stock valued at $36,000 after purchasing an additional 2,028 shares during the period. Finally, Advisors Preferred LLC bought a new position in Banco Santander during the 4th quarter valued at approximately $37,000. Hedge funds and other institutional investors 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.