Erste Group Bank Expects Lower Earnings for Banco Santander

Banco Santander, S.A. (NYSE:SAN) – Analysts at Erste Group Bank lowered their FY2026 earnings per share (EPS) estimates for Banco Santander in a research report issued to clients and investors on Thursday, October 8th. Erste Group Bank analyst H. Engel now forecasts that the bank will post earnings per share of $1.13 for the year, down from their previous forecast of $1.19. The consensus estimate for Banco Santander’s current full-year earnings is $1.21 per share. Erste Group Bank also issued estimates for Banco Santander’s FY2027 earnings at $1.40 EPS.

Banco Santander (NYSE:SAN) last issued its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). Banco Santander had a return on equity of 12.43% and a net margin of 26.94%. The company had revenue of $17.93 billion for the quarter, compared to analyst estimates of $17.90 billion.

Several other equities analysts have also commented on the company. Jefferies Financial Group reissued a “buy” rating on shares of Banco Santander in a research report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Banco Santander in a research report on Monday, July 27th. Royal Bank Of Canada reiterated a “buy” rating on shares of Banco Santander in a research note on Tuesday, July 28th. Barclays reiterated a “buy” rating on shares of Banco Santander in a research note on Tuesday, July 14th. Finally, Mediobanca reissued an “outperform” rating on shares of Banco Santander in a research report on Tuesday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Banco Santander has a consensus rating of “Moderate Buy” and a consensus target price of $15.10.

Banco Santander Stock Performance

Shares of NYSE:SAN opened at $13.40 on Tuesday. The company has a market cap of $196.91 billion, a P/E ratio of 12.90, a PEG ratio of 0.69 and a beta of 0.74. Banco Santander has a one year low of $9.62 and a one year high of $15.05. The business’s 50-day simple moving average is $14.38 and its 200 day simple moving average is $13.34.

Institutional Trading of Banco Santander

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE boosted its holdings in Banco Santander by 118.9% in the first quarter. Bank of America Corp DE now owns 11,413,194 shares of the bank’s stock valued at $128,741,000 after purchasing an additional 6,198,828 shares during the last quarter. Quantinno Capital Management LP grew its stake in Banco Santander by 37.9% during the 1st quarter. Quantinno Capital Management LP now owns 2,566,939 shares of the bank’s stock valued at $28,955,000 after purchasing an additional 705,034 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Banco Santander by 32.1% during the 1st quarter. Bank of New York Mellon Corp now owns 1,535,847 shares of the bank’s stock worth $17,324,000 after purchasing an additional 373,646 shares during the last quarter. QRG Capital Management Inc. increased its holdings in Banco Santander by 10.4% during the 1st quarter. QRG Capital Management Inc. now owns 1,473,746 shares of the bank’s stock worth $16,624,000 after purchasing an additional 138,582 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in Banco Santander by 18.3% during the 1st quarter. Sei Investments Co. now owns 956,275 shares of the bank’s stock worth $10,787,000 after purchasing an additional 147,776 shares during the last quarter. 9.19% of the stock is owned by hedge funds and other institutional investors.

Banco Santander Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, November 5th. Stockholders of record on Friday, October 30th will be paid a dividend of $0.1439 per share. The ex-dividend date is Friday, October 30th. This represents a dividend yield of 217.0%. Banco Santander’s dividend payout ratio (DPR) is currently 17.07%.

About Banco Santander

Banco Santander, SA is a global banking group headquartered in Santander, Spain. Founded in 1857, the company provides financial services to individuals, businesses and institutions through subsidiaries and branches across Europe, North America and South America.

Its principal activities include retail and commercial banking, consumer finance, corporate and investment banking, wealth management, insurance and payment services. Santander offers products such as checking and savings accounts, mortgages, personal loans, credit cards, business financing, investment products and digital banking solutions.

The group serves customers in markets including Spain, the United Kingdom, Portugal, Poland, Brazil, Mexico, Chile, Argentina and the United States.