Banco Santander (LON:BNC) Reaches New 52-Week High – Still a Buy?

Shares of Banco Santander, S.A. (LON:BNC) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 557 ($7.21) and last traded at GBX 552 ($7.15), with a volume of 327465 shares trading hands. The stock had previously closed at GBX 551 ($7.13).

Banco Santander Price Performance

The firm’s 50 day moving average price is GBX 474.03 and its 200 day moving average price is GBX 407.96. The stock has a market capitalization of £100.79 billion, a P/E ratio of 8.61, a P/E/G ratio of 2.18 and a beta of 1.32.

Banco Santander Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 29th will be given a dividend of €0.11 ($0.12) per share. This is a positive change from Banco Santander’s previous dividend of $0.10. The ex-dividend date of this dividend is Tuesday, April 29th. This represents a yield of 1.69%. Banco Santander’s dividend payout ratio is presently 26.64%.

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.