Banco Santander, S.A. to Post FY2023 Earnings of $0.55 Per Share, Jefferies Financial Group Forecasts (NYSE:SAN)

Banco Santander, S.A. (NYSE:SANGet Rating) – Equities research analysts at Jefferies Financial Group reduced their FY2023 earnings per share estimates for shares of Banco Santander in a report issued on Wednesday, November 9th. Jefferies Financial Group analyst B. Creelan-Sandf now expects that the bank will post earnings of $0.55 per share for the year, down from their prior estimate of $0.56. The consensus estimate for Banco Santander’s current full-year earnings is $0.53 per share. Jefferies Financial Group also issued estimates for Banco Santander’s FY2024 earnings at $0.60 EPS.

A number of other equities research analysts have also issued reports on SAN. Royal Bank of Canada decreased their price target on Banco Santander from €3.10 ($3.10) to €3.00 ($3.00) in a research note on Thursday, August 4th. UBS Group lowered Banco Santander to a “neutral” rating in a research note on Tuesday, August 9th. Citigroup raised Banco Santander from a “neutral” rating to a “buy” rating and raised their price target for the stock from €3.20 ($3.20) to €3.50 ($3.50) in a research note on Tuesday, September 27th. Morgan Stanley decreased their price target on Banco Santander from €4.30 ($4.30) to €4.00 ($4.00) and set an “equal weight” rating for the company in a research note on Monday, August 1st. Finally, Credit Suisse Group lifted their target price on Banco Santander from €4.00 ($4.00) to €4.10 ($4.10) in a research report on Monday, October 10th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $3.93.

Banco Santander Stock Performance

Shares of SAN stock opened at $2.61 on Thursday. Banco Santander has a 52-week low of $2.26 and a 52-week high of $4.01. The firm has a market capitalization of $43.83 billion, a P/E ratio of 4.50 and a beta of 1.13. The stock has a 50 day moving average price of $2.52 and a 200 day moving average price of $2.67.

Banco Santander Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 7th. Stockholders of record on Tuesday, November 1st were given a $0.0559 dividend. This represents a $0.22 annualized dividend and a dividend yield of 8.57%. This is a positive change from Banco Santander’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Monday, October 31st. Banco Santander’s payout ratio is presently 13.79%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Brookstone Capital Management purchased a new position in Banco Santander during the 3rd quarter worth $27,000. O Dell Group LLC purchased a new position in Banco Santander during the 3rd quarter worth $27,000. Personal Capital Advisors Corp purchased a new position in Banco Santander during the 3rd quarter worth $28,000. Axxcess Wealth Management LLC purchased a new position in Banco Santander during the 2nd quarter worth $29,000. Finally, Baker Tilly Wealth Management LLC purchased a new position in Banco Santander during the 3rd quarter worth $29,000. 2.08% of the stock is owned by institutional investors.

About Banco Santander

(Get Rating)

Banco Santander, SA provides various retail and commercial banking products and services to individuals, small and medium-sized enterprises, and large companies worldwide. It offers demand and time deposits, and current and savings accounts; mortgages, consumer finance, syndicated corporate loans, structured financing, cash management, export and agency finance, trade and working capital solutions, and corporate finance; and insurance products.

See Also

Earnings History and Estimates for Banco Santander (NYSE:SAN)

Receive News & Ratings for Banco Santander Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Santander and related companies with MarketBeat.com's FREE daily email newsletter.