10 Best Bank Penny Stocks to Buy Now

3. Banco Santander, S.A. (NYSE:SAN)

Number of Hedge Fund Holders: 13

A global banking company since 1857, Banco Santander, S.A. (NYSE:SAN) offers comprehensive financial services through dedicated regional divisions. From core European operations to ventures in North and South America, the company caters to individuals, companies, and institutions.

The company has further expanded its reach with a digital consumer banking segment, covering online banking and consumer finance solutions. This diverse approach solidifies Banco Santander, S.A.’s (NYSE:SAN) position as a key player in the international financial arena.

Banco Santander, S.A. (NYSE:SAN) delivered a stellar Q1 2024 with net profit rising 11% year-over-year, driven by customer growth across all regions and strong performances in each of their global businesses. Revenue nearly reached double-digit growth, while the efficiency ratio recorded an improvement of 1.4 percentage points to 42.6%. The company’s strong balance sheet and focus on technology position it well to achieve its 2024 targets.

Banco Santander, S.A.’s (NYSE:SAN) stock price targets range from a high estimate of $6.96 to a low of $4.61, with an average price target of $6.01, indicating potential upside from current price levels. Moreover, analyst ratings reflect positive sentiment, with 15 analysts currently rating the stock as a “Buy.”