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

Banco Santander, S.A. (NYSE:SAN) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $5.83 and last traded at $5.83, with a volume of 4713838 shares trading hands. The stock had previously closed at $5.59.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SAN. Morgan Stanley upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Tuesday, November 26th. StockNews.com upgraded Banco Santander from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th.

Banco Santander Trading Down 0.4 %

The stock’s 50-day moving average price is $4.89 and its 200 day moving average price is $4.85. The company has a debt-to-equity ratio of 13.83, a current ratio of 2.24 and a quick ratio of 0.23. The firm has a market capitalization of $93.75 billion, a PE ratio of 7.14, a price-to-earnings-growth ratio of 0.73 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 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, sell-side analysts expect that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Hedge Funds Weigh In On Banco Santander

A number of large investors have recently bought and sold shares of the business. Larson Financial Group LLC raised its holdings in Banco Santander by 2,226.3% in the fourth quarter. Larson Financial Group LLC now owns 5,839 shares of the bank’s stock worth $27,000 after purchasing an additional 5,588 shares in the last quarter. R Squared Ltd bought a new position in shares of Banco Santander during the 4th quarter worth approximately $27,000. Sierra Ocean LLC purchased a new stake in Banco Santander during the fourth quarter valued at approximately $32,000. Advisors Preferred LLC acquired a new stake in Banco Santander in the fourth quarter valued at approximately $37,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Banco Santander in the third quarter worth $45,000. Institutional investors own 9.19% of the company’s stock.

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.