Banco Santander (LON:BNC) Stock Passes Below 50 Day Moving Average of $296.93

Banco Santander, S.A. (LON:BNC – Get Rating) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 296.93 ($3.62) and traded as low as GBX 290.04 ($3.53). Banco Santander shares last traded at GBX 295.20 ($3.60), with a volume of 1,328,369 shares.

Banco Santander Stock Performance

The company’s 50 day moving average price is GBX 296.93 and its 200 day moving average price is GBX 252.75. The company has a market cap of £49.48 billion, a price-to-earnings ratio of 656.00 and a beta of 1.39.

Banco Santander Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, May 2nd. Stockholders of record on Thursday, April 27th will be paid a dividend of €0.06 ($0.06) per share. This is a positive change from Banco Santander’s previous dividend of $0.06. The ex-dividend date of this dividend is Thursday, April 27th. This represents a dividend yield of 1.6%. Banco Santander’s dividend payout ratio is 2,222.22%.

Insider Transactions at Banco Santander

In other Banco Santander news, insider Pamela Ann Walkden purchased 80,000 shares of the company’s stock in a transaction dated Thursday, March 2nd. The shares were bought at an average price of GBX 325 ($3.96) per share, for a total transaction of £260,000 ($316,879.95). 0.53% of the stock is currently owned by company insiders.

Banco Santander Company Profile

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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.