Banco Santander SA (NYSE:SAN) gapped down before the market opened on Tuesday . The stock had previously closed at $4.19, but opened at $4.10. Banco Santander shares last traded at $4.00, with a volume of 10,094,200 shares.

Several research firms have weighed in on SAN. UBS Group cut shares of Banco Santander from a “buy” rating to a “neutral” rating in a research report on Thursday, July 18th. HSBC upgraded shares of Banco Santander from a “reduce” rating to a “hold” rating in a research report on Wednesday, August 21st. ValuEngine cut shares of Banco Santander from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 2nd. Finally, Zacks Investment Research cut shares of Banco Santander from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $5.75.

The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 11.13. The stock has a market capitalization of $65.27 billion, a PE ratio of 7.27 and a beta of 1.19. The firm’s 50-day simple moving average is $3.95 and its two-hundred day simple moving average is $4.50.

Banco Santander (NYSE:SAN) last posted its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.03). Banco Santander had a return on equity of 7.27% and a net margin of 14.99%. The firm had revenue of $13.88 billion for the quarter. As a group, research analysts expect that Banco Santander SA will post 0.52 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. CIBC World Markets Inc. grew its holdings in shares of Banco Santander by 19.6% during the 1st quarter. CIBC World Markets Inc. now owns 536,700 shares of the bank’s stock valued at $2,485,000 after acquiring an additional 88,068 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of Banco Santander by 26.3% during the 1st quarter. CIBC Private Wealth Group LLC now owns 1,533,596 shares of the bank’s stock valued at $7,100,000 after acquiring an additional 319,823 shares in the last quarter. Moors & Cabot Inc. grew its holdings in shares of Banco Santander by 14.3% during the 2nd quarter. Moors & Cabot Inc. now owns 57,871 shares of the bank’s stock valued at $263,000 after acquiring an additional 7,231 shares in the last quarter. Seacliff Capital LLC purchased a new position in shares of Banco Santander during the 1st quarter valued at $4,630,000. Finally, Advisory Services Network LLC grew its holdings in shares of Banco Santander by 44.2% during the 2nd quarter. Advisory Services Network LLC now owns 30,426 shares of the bank’s stock valued at $139,000 after acquiring an additional 9,333 shares in the last quarter. Institutional investors and hedge funds own 1.75% of the company’s stock.

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; mortgages, consumer finance, auto finance, and personal loans; export and agency finance, trade and working capital solutions, syndicated corporate loans, and structured financing; debt capital markets and global markets services; and debit and credit cards.

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