5 Penny Stocks To Buy That Are Too Cheap To Ignore

In this piece, we will take a look at the top five penny stocks that are too cheap to ignore. To learn more about penny stocks and other companies, take a look at 10 Penny Stocks To Buy That Are Too Cheap To Ignore.

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

Number of Hedge Fund Holders: 15

Banco Santander, S.A. (NYSE:SAN) is a Spanish bank that is one of the oldest of its kind after being set up in 1856. It offers accounts, mortgages, loans, and working capital solutions.

Banco Santander, S.A. (NYSE:SAN) posted EUR9.5 billion in net interest income during its second fiscal quarter, which marked an 8% growth. This translated into a net income of 2.6 billion Euros, and earnings per share of EUR0.131. Cumulatively, all these led to Banco Santander, S.A. (NYSE:SAN)’s tangible book value per share sitting at EUR4.24, which is significantly higher than its current share price of $2.61.

Banco Santander, S.A. (NYSE:SAN) also pays a 3 cent dividend for a 4.21% yield. Insider Monkey’s Q2 2022 survey covering 895 hedge funds revealed that nine had invested in the bank.

Banco Santander, S.A. (NYSE:SAN)’s largest investor is John W. Rogers’ Ariel Investments which owns one million shares that are worth $16 million.