Banco Santander S.A. [SAN] is -16.41% lower this YTD. Is it still time to buy?

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Banco Santander S.A. [NYSE: SAN] traded at a low on 05/09/22, posting a -1.43 loss after which it closed the day’ session at $2.75. The company report on May 4, 2022 that Santander Bank Raises Its Prime Rate to 4.00%.

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Santander Bank announced today it has raised its prime rate from 3.50% to 4.00%, effective May 4, 2022.

Santander Bank, N.A. is one of the country’s largest retail and commercial banks with $102 billion in assets. With its corporate offices in Boston, the Bank’s nearly 8,600 employees and nearly 2 million customers are principally located in Massachusetts, New Hampshire, Connecticut, Rhode Island, New York, New Jersey, Pennsylvania and Delaware. The Bank is a wholly-owned subsidiary of Madrid-based Banco Santander, S.A. (NYSE: SAN) – one of the most respected banking groups in the world with 155 million customers in the U.S., Europe, and Latin America. It is overseen by Santander Holdings USA, Inc., Banco Santander’s intermediate holding company in the U.S. For more information on Santander Bank, please visit www.santanderbank.com.

The results of the trading session contributed to over 10618316 shares changing hands. Over the past one week, the price volatility of Banco Santander S.A. stands at 2.83% while the volatility over the past one month is 2.47%.

The market cap for SAN stock reached $46.88 billion, with 17.05 billion shares outstanding. Compared to the average trading volume of 7.59M shares, SAN reached a trading volume of 10618316 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Banco Santander S.A. [SAN]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SAN shares is $4.23 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SAN stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Credit Suisse have made an estimate for Banco Santander S.A. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 01, 2022. While these analysts kept the previous recommendation, Goldman raised their target price to Buy. The new note on the price target was released on March 31, 2022, representing the official price target for Banco Santander S.A. stock.

The Average True Range (ATR) for Banco Santander S.A. is set at 0.11, with the Price to Sales ratio for SAN stock in the period of the last 12 months amounting to 0.90. The Price to Book ratio for the last quarter was 0.49, with the Price to Cash per share for the same quarter was set at 25.10.

How has SAN stock performed recently?

Banco Santander S.A. [SAN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.18. With this latest performance, SAN shares dropped by -17.91% in over the last four-week period, additionally sinking by -27.25% over the last 6 months – not to mention a drop of -30.56% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SAN stock in for the last two-week period is set at 28.82, with the RSI for the last a single of trading hit 24.42, and the three-weeks RSI is set at 33.00 for Banco Santander S.A. [SAN]. The present Moving Average for the last 50 days of trading for this stock 3.24, while it was recorded at 2.87 for the last single week of trading, and 3.51 for the last 200 days.

Banco Santander S.A. [SAN]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Banco Santander S.A. [SAN] shares currently have an operating margin of +21.60. Banco Santander S.A.’s Net Margin is presently recorded at +12.29.

Return on Total Capital for SAN is now 2.54, given the latest momentum, and Return on Invested Capital for the company is 1.93. Return on Equity for this stock inclined to 9.74, with Return on Assets sitting at 0.52. When it comes to the capital structure of this company, Banco Santander S.A. [SAN] has a Total Debt to Total Equity ratio set at 557.19. Additionally, SAN Total Debt to Total Capital is recorded at 84.78, with Total Debt to Total Assets ending up at 30.07. Long-Term Debt to Equity for the company is recorded at 407.30, with the Long-Term Debt to Total Capital now at 61.98.

Reflecting on the efficiency of the workforce at the company, Banco Santander S.A. [SAN] managed to generate an average of $41,224 per employee.

Insider trade positions for Banco Santander S.A. [SAN]

There are presently around $909 million, or 1.90% of SAN stock, in the hands of institutional investors. The top three institutional holders of SAN stocks are: FISHER ASSET MANAGEMENT, LLC with ownership of 137,921,918, which is approximately 6.29% of the company’s market cap and around 21.00% of the total institutional ownership; MACQUARIE GROUP LTD, holding 18,541,356 shares of the stock with an approximate value of $50.99 million in SAN stocks shares; and MONDRIAN INVESTMENT PARTNERS LTD, currently with $46.19 million in SAN stock with ownership of nearly 7.015% of the company’s market capitalization.

Positions in Banco Santander S.A. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 159 institutional holders increased their position in Banco Santander S.A. [NYSE:SAN] by around 30,551,078 shares. Additionally, 138 investors decreased positions by around 22,618,949 shares, while 70 investors held positions by with 277,412,087 shares. The mentioned changes placed institutional holdings at 330,582,114 shares, according to the latest SEC report filing. SAN stock had 51 new institutional investments in for a total of 3,522,688 shares, while 49 institutional investors sold positions of 2,692,434 shares during the same period.