Banco Santander, S.A. (NYSE:SAN) Receives Consensus Recommendation of “Hold” from Analysts

by · The Cerbat Gem

Shares of Banco Santander, S.A. (NYSE:SAN – Get Free Report) have earned an average rating of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company.

A number of analysts have recently issued reports on SAN shares. The Goldman Sachs Group downgraded shares of Banco Santander from a “strong-buy” rating to a “strong sell” rating in a report on Thursday, October 16th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Banco Santander in a research note on Wednesday, October 8th. Zacks Research lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Finally, DZ Bank cut Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 18th.

Get Our Latest Report on Banco Santander

Institutional Trading of Banco Santander

Several hedge funds have recently added to or reduced their stakes in SAN. Root Financial Partners LLC bought a new position in shares of Banco Santander during the third quarter valued at about $25,000. True Wealth Design LLC bought a new position in Banco Santander during the 3rd quarter worth approximately $27,000. Princeton Global Asset Management LLC purchased a new position in Banco Santander in the 3rd quarter worth approximately $31,000. Richardson Financial Services Inc. bought a new stake in Banco Santander in the second quarter valued at approximately $25,000. Finally, Binnacle Investments Inc boosted its stake in shares of Banco Santander by 96.2% during the third quarter. Binnacle Investments Inc now owns 3,227 shares of the bank’s stock valued at $34,000 after purchasing an additional 1,582 shares during the period. 9.19% of the stock is owned by institutional investors.

Banco Santander Trading Down 0.7%

Shares of NYSE SAN opened at $11.80 on Tuesday. The business has a 50-day moving average of $10.72 and a 200-day moving average of $9.75. The firm has a market capitalization of $175.63 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 0.73 and a beta of 0.74. Banco Santander has a 12 month low of $4.43 and a 12 month high of $11.92.

Banco Santander (NYSE:SAN – Get Free Report) last announced its earnings results on Wednesday, October 29th. The bank reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). The company had revenue of $26.22 billion for the quarter, compared to the consensus estimate of $15.32 billion. Banco Santander had a net margin of 17.90% and a return on equity of 11.68%. On average, analysts predict that Banco Santander will post 0.83 earnings per share for the current year.

Banco Santander Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, November 6th. Stockholders of record on Friday, October 31st were issued a $0.0956 dividend. This represents a dividend yield of 263.0%. The ex-dividend date was Friday, October 31st. Banco Santander’s payout ratio is presently 19.15%.

Banco Santander Company Profile

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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.

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