Banco Santander, S.A. (NYSE:SAN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

According to Zacks, “Banco Santander SA is the biggest bank in Spain and the biggest international bank in Latin America as well. The Bank concentrates its activities in Andalucia, Castilla-Leon, Catalonia, Madrid, Valencia and Cantabria. The Bank provides banking services for individuals and companies, leasing, factoring, stockbrokerage and mutual fund services. “

A number of other research firms have also weighed in on SAN. Bank of America Corporation raised shares of Banco Santander, from an “underperform” rating to a “neutral” rating in a research report on Friday, June 9th. ValuEngine raised shares of Banco Santander, from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 17th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating on shares of Banco Santander, in a research report on Tuesday, August 15th. Finally, BidaskClub lowered shares of Banco Santander, from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. Banco Santander, has a consensus rating of “Hold” and a consensus target price of $16.50.

Shares of Banco Santander, (NYSE SAN) opened at 6.66 on Friday. The firm has a 50-day moving average price of $6.59 and a 200-day moving average price of $6.43. The stock has a market cap of $102.43 billion, a P/E ratio of 12.31 and a beta of 1.38. Banco Santander, has a 52-week low of $4.19 and a 52-week high of $6.99.

Banco Santander, (NYSE:SAN) last released its earnings results on Friday, July 28th. The bank reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.02). The firm had revenue of $13.10 billion for the quarter. Banco Santander, had a return on equity of 6.70% and a net margin of 14.98%. On average, analysts anticipate that Banco Santander, will post $0.49 EPS for the current fiscal year.

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Large investors have recently bought and sold shares of the company. Lincoln National Corp increased its holdings in shares of Banco Santander, by 5.0% during the 2nd quarter. Lincoln National Corp now owns 15,711 shares of the bank’s stock worth $105,000 after purchasing an additional 755 shares during the period. Rhumbline Advisers bought a new stake in Banco Santander, in the second quarter valued at about $108,000. Keybank National Association OH bought a new stake in Banco Santander, in the first quarter valued at about $114,000. Good Life Advisors LLC bought a new stake in Banco Santander, in the second quarter valued at about $119,000. Finally, Edgar Lomax Co. VA increased its stake in Banco Santander, by 83.4% in the first quarter. Edgar Lomax Co. VA now owns 19,900 shares of the bank’s stock valued at $122,000 after acquiring an additional 9,050 shares during the period. Institutional investors own 1.30% of the company’s stock.

Banco Santander, Company Profile

Banco Santander, SA is a retail and commercial bank. The Banks segments include Continental Europe, the United Kingdom, Latin America and the United States. The Continental Europe segment covers all businesses in the Continental Europe. The United Kingdom segment includes the businesses developed by various units and branches in the country.

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Analyst Recommendations for Banco Santander, (NYSE:SAN)

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