BCDRF Banco Santander, S.A.

NEUTRAL Impact: 4/10 6-K
Horizon days Filed Jun 4, 2026 Processed 8d 22h ago SEC 0000950103-26-008496
Notable filing: 6-K
Latest settled — T+1d ⚠ clustered
BCDRF ▲ +4.06% at T+1d
NEUTRAL call ✓ call won +4.06% · α vs SPY +6.65% · entry $12.08 → $12.57
Next anchor: T+5d due yesterday
Currently $12.64 · +4.64% from $12.08 entry
Entry anchored
Jun 4, 2026
via day open
T+1d
+4.06%
call +4.06% · α +6.65%
$12.57
settled 8d ago
T+5d
call — · α —
due yesterday
T+20d
call — · α —
in 20d
T+60d
call — · α —
in 3mo

Price Chart

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Executive Summary

Banco Santander reported weekly buyback transactions from May 28 to June 3, 2026, repurchasing 12,765,369 shares. Cumulative cash spent since the program began is €2.966 billion, representing ~59% of the maximum investment amount and ~17% of outstanding shares as of 2021. The buyback continues to reduce share count but at a pace consistent with the previously disclosed program.

Actionable Insight

Buyback continues at a steady pace, reducing share count modestly. No change to the known program parameters — this is a routine periodic update. Monitor future 6-K filings for pace shifts or completion of the buyback.

Key Facts

  • 12,765,369 shares repurchased between May 28 and June 3, 2026 at weighted average prices of €10.65–€10.78
  • Cumulative cash deployed in buyback program: €2,965,628,002 as of June 3, 2026
  • Buyback program ~59% complete by investment amount, ~17% of outstanding shares repurchased since 2021 baseline
  • Transactions executed on XMAD (Madrid) and CEUX (Cboe Europe) venues

Financial Impact

€2.966 billion cumulative buyback spend, ~59% of maximum program size; 12.8M shares repurchased in the week at ~€10.68 average price

shares_outstandingcash_position

Risk Factors

  • Buyback may slow or stop once maximum investment amount is reached, removing a source of demand
  • Large cumulative buyback reduces capital base, potentially constraining future M&A or dividend flexibility

Market Snapshot

Exchange
OTC
Sector
Commercial Banks, NEC
Analyst Consensus
76% bullish (29 analysts)

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

DocumentAccession Number
6-K Filing (Primary)0000950103-26-008496
Document: 0000950103-26-008496-index-headers.html0000950103-26-008496
Document: 0000950103-26-008496-index.html0000950103-26-008496
Document: 0000950103-26-008496.txt0000950103-26-008496
11 reports for BCDRF
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for BCDRF — sortable, filterable
Type Now
Jun 10, 2026
2d ago
6-K
NEUTRAL ★ 4/10
$12.04 awaiting T+1awaiting T+1$12.64 (+4.98%)
Jun 4, 2026
8d ago
6-K
NEUTRAL ★ 4/10
$12.08 $12.57▲ +4.06%▲ +6.65%$12.64 (+4.64%)
Jun 3, 2026
9d ago
6-K
NEUTRAL ★ 4/10
$11.99 $12.08▲ +0.75%▲ +0.35%$12.64 (+5.42%)
May 28, 2026
15d ago
424B5
NEUTRAL ★ 4/10
$11.95 $12.74▲ +6.61%▲ +6.37%$12.64 (+5.77%)
May 27, 2026
16d ago
424B5 / 6-K
NEUTRAL ★ 4/10
$12.64 $11.95▼ −5.46%▼ −6.01%$12.64 (+0.00%)
May 27, 2026
16d ago
6-K
NEUTRAL ★ 5/10
$12.64 $11.95▼ −5.46%▼ −6.01%$12.64 (+0.00%)
Apr 23, 2026
7w ago
425
NEUTRAL ★ 5/10
$11.90 $12.21▲ +2.58%▲ +1.79%$12.64 (+6.19%)
Apr 23, 2026
7w ago
EFFECT / 6-K
MIXED ★ 7/10
$11.90 $12.21▲ +2.58%▲ +1.79%$12.64 (+6.19%)
Apr 8, 2026
9w ago
424B5
NEUTRAL ★ 4/10
$11.85 $12.40▲ +4.61%▲ +4.03%$12.64 (+6.63%)
Apr 8, 2026
9w ago
6-K
NEUTRAL ★ 4/10
$11.85 $12.40▲ +4.61%▲ +4.03%$12.64 (+6.63%)
Showing 10 of 11

US Market Status

Market Closed — Opens Mon (52h 22m)

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