4 Best European Bank Stocks to Buy Now

In this article, we will look at the 4 best European bank stocks to buy now. If you want to explore similar stocks, you can also read 9 Best European Bank Stocks to Buy Now.

4. Banco Santander (NYSE:SAN)

Number of Hedge Fund Holders: 15

Banco Santander (NYSE:SAN) is a Spanish bank that provides various retail and commercial banking products and services to individuals, small and medium-sized enterprises, and large companies worldwide. On June 28, Morgan Stanley analyst Alvaro Serrano raised his price target on Banco Santander (NYSE:SAN) to EUR 4.30 from EUR 4.20 and maintained an Equal Weight rating on the shares.

As of July 5, Banco Santander (NYSE:SAN) has a trailing-twelve-month PE ratio of 5.17 and a forward dividend yield of 3.94%. Banco Santander (NYSE:SAN) is therefore one of the best undervalued and dividend-paying European bank stocks to invest in right now.

At the end of Q1 2022, 15 hedge funds held stakes in Banco Santander (NYSE:SAN) worth $592.72 million. This is compared to 13 hedge funds in Q4 2021 with stakes worth $508.48 million. The hedge fund sentiment for the stock is positive.

As of March 31, Ariel Investments owns over 1 million shares of Banco Santander (NYSE:SAN) which amount to a stake of $23.24 million. Arial Investments is the largest shareholder in the Spanish bank.