Banco Santander SA (NYSE:SAN) shares gapped up prior to trading on Wednesday . The stock had previously closed at $4.68, but opened at $4.78. Banco Santander shares last traded at $4.85, with a volume of 6012379 shares.
A number of research analysts have recently commented on the stock. Zacks Investment Research cut shares of Banco Santander from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. ValuEngine cut shares of Banco Santander from a “hold” rating to a “sell” rating in a report on Saturday, February 23rd. Finally, Royal Bank of Canada upgraded shares of Banco Santander from a “sector perform” rating to an “outperform” rating in a report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. Banco Santander has an average rating of “Buy” and an average target price of $5.75.
The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.05. The firm has a market capitalization of $76.67 billion, a P/E ratio of 8.82, a PEG ratio of 1.56 and a beta of 1.08.
Banco Santander (NYSE:SAN) last posted its quarterly earnings results on Tuesday, January 29th. The bank reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.01). The company had revenue of $14.31 billion during the quarter. Banco Santander had a return on equity of 7.56% and a net margin of 16.13%. As a group, equities analysts forecast that Banco Santander SA will post 0.55 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC lifted its position in shares of Banco Santander by 46,183.3% during the fourth quarter. Global Retirement Partners LLC now owns 5,554 shares of the bank’s stock valued at $25,000 after buying an additional 5,542 shares during the last quarter. Lenox Wealth Management Inc. raised its position in shares of Banco Santander by 1,064.1% in the 4th quarter. Lenox Wealth Management Inc. now owns 5,844 shares of the bank’s stock valued at $26,000 after purchasing an additional 5,342 shares during the last quarter. Ipswich Investment Management Co. Inc. purchased a new position in shares of Banco Santander in the 4th quarter valued at approximately $30,000. Sontag Advisory LLC purchased a new position in shares of Banco Santander in the 4th quarter valued at approximately $40,000. Finally, Parallel Advisors LLC raised its position in shares of Banco Santander by 76.5% in the 4th quarter. Parallel Advisors LLC now owns 9,606 shares of the bank’s stock valued at $43,000 after purchasing an additional 4,164 shares during the last quarter. 1.86% of the stock is owned by institutional investors.
Banco Santander Company Profile (NYSE:SAN)
Banco Santander, SA, together with its subsidiaries, provides various retail and commercial banking products and services for individual and corporate clients worldwide. It offers demand and time deposits, and current and savings accounts; certificates of deposit; mortgages, auto finance, and personal loans; working capital finance; and debit and credit cards, as well as life and non-life insurance products.