Banco Santander, S.A. (SAN) Receives Average Recommendation of “Buy” from Analysts

Shares of Banco Santander, S.A. (NYSE:SAN) have been given an average recommendation of “Buy” by the fourteen ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $15.85.

A number of research analysts have issued reports on the company. Zacks Investment Research raised Banco Santander from a “hold” rating to a “buy” rating and set a $7.75 price objective for the company in a report on Tuesday, September 26th. Goldman Sachs Group raised Banco Santander from a “neutral” rating to a “buy” rating and set a $6.20 price objective for the company in a report on Friday, November 24th.

Several institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Banco Santander by 0.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 44,299 shares of the bank’s stock valued at $296,000 after buying an additional 160 shares during the last quarter. EagleClaw Capital Managment LLC raised its holdings in shares of Banco Santander by 0.4% in the second quarter. EagleClaw Capital Managment LLC now owns 82,920 shares of the bank’s stock valued at $554,000 after buying an additional 352 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Banco Santander by 4.7% in the second quarter. Quadrant Capital Group LLC now owns 46,847 shares of the bank’s stock valued at $262,000 after buying an additional 2,105 shares during the last quarter. Moors & Cabot Inc. raised its holdings in shares of Banco Santander by 8.7% in the second quarter. Moors & Cabot Inc. now owns 54,326 shares of the bank’s stock valued at $362,000 after buying an additional 4,345 shares during the last quarter. Finally, ETRADE Capital Management LLC raised its holdings in shares of Banco Santander by 35.8% in the second quarter. ETRADE Capital Management LLC now owns 23,481 shares of the bank’s stock valued at $157,000 after buying an additional 6,185 shares during the last quarter. 1.25% of the stock is owned by institutional investors and hedge funds.

Shares of Banco Santander (SAN) traded up $0.06 during midday trading on Friday, hitting $7.25. The company’s stock had a trading volume of 3,940,000 shares, compared to its average volume of 3,900,000. The company has a market capitalization of $117,510.00, a PE ratio of 12.95, a PEG ratio of 1.39 and a beta of 1.40. Banco Santander has a 12 month low of $5.24 and a 12 month high of $7.25. The company has a debt-to-equity ratio of 3.88, a quick ratio of 1.38 and a current ratio of 1.38.

Banco Santander (NYSE:SAN) last issued its quarterly earnings data on Thursday, October 26th. The bank reported $0.14 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.14. The company had revenue of $14.39 billion during the quarter. Banco Santander had a return on equity of 6.86% and a net margin of 14.06%. equities analysts forecast that Banco Santander will post 0.55 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 8th. Investors of record on Wednesday, January 31st will be issued a $0.0722 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 3.98%. This is a boost from Banco Santander’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Tuesday, January 30th. Banco Santander’s payout ratio is currently 25.00%.

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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.

Analyst Recommendations for Banco Santander (NYSE:SAN)

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