Banco Santander, S.A. (NYSE:SAN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Banco Santander, S.A. (NYSE:SAN) has received an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company.

A number of research analysts have commented on SAN shares. Barclays cut shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. UBS Group reissued a “buy” rating on shares of Banco Santander in a research note on Monday, February 16th. Wall Street Zen raised shares of Banco Santander from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Kepler Capital Markets upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a report on Tuesday, January 13th. Finally, Zacks Research cut Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th.

Banco Santander Trading Down 3.4%

Shares of Banco Santander stock opened at $10.99 on Friday. The stock has a 50 day moving average of $12.19 and a 200 day moving average of $11.05. The company has a debt-to-equity ratio of 3.15, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a market capitalization of $163.52 billion, a price-to-earnings ratio of 10.88, a PEG ratio of 0.69 and a beta of 0.71. Banco Santander has a fifty-two week low of $5.54 and a fifty-two week high of $13.24.

Banco Santander (NYSE:SAN) last announced its quarterly earnings results on Tuesday, February 3rd. The bank reported $0.28 EPS for the quarter, beating the consensus estimate of $0.24 by $0.04. The business had revenue of $18.90 billion for the quarter, compared to analyst estimates of $15.89 billion. Banco Santander had a return on equity of 12.14% and a net margin of 18.85%. As a group, research analysts predict that Banco Santander will post 0.83 earnings per share for the current year.

Banco Santander Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, May 8th. Investors of record on Monday, May 4th will be paid a dividend of $0.1473 per share. The ex-dividend date of this dividend is Monday, May 4th. This represents a yield of 254.0%. Banco Santander’s dividend payout ratio is presently 18.81%.

Institutional Trading of Banco Santander

Hedge funds have recently made changes to their positions in the business. Root Financial Partners LLC acquired a new position in shares of Banco Santander in the third quarter valued at approximately $25,000. True Wealth Design LLC acquired a new stake in Banco Santander during the 3rd quarter worth approximately $27,000. Smithfield Trust Co purchased a new position in Banco Santander in the 2nd quarter valued at approximately $30,000. Atlantic Union Bankshares Corp acquired a new position in shares of Banco Santander in the second quarter worth $30,000. Finally, Princeton Global Asset Management LLC purchased a new stake in shares of Banco Santander during the third quarter worth $31,000. Institutional investors and hedge funds own 9.19% of the company’s stock.

Banco Santander Company Profile

Banco Santander, SA (NYSE: SAN) is a Spanish multinational banking group headquartered in Santander, Spain. Founded in 1857, the bank has grown from a regional institution into one of Europe’s largest banking groups, operating a diversified financial services platform that serves retail, small and medium-sized enterprises, and large corporate clients. Santander is publicly listed in Spain and maintains American Depositary Receipts on the New York Stock Exchange under the ticker SAN.

The group’s core activities include retail and commercial banking—offering deposit accounts, payment services, mortgages, personal and auto loans, and small business financing—alongside corporate and investment banking services for larger institutional clients.