Banco Santander (SAN) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of Banco Santander (NYSE:SAN) from a sell rating to a hold rating in a report issued on Friday.

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. “

SAN has been the topic of several other research reports. Keefe, Bruyette & Woods lowered shares of Banco Santander from an outperform rating to a hold rating in a research report on Tuesday, October 2nd. ValuEngine upgraded shares of Banco Santander from a strong sell rating to a sell rating in a research report on Thursday, November 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $6.85.

Banco Santander stock traded up $0.06 during mid-day trading on Friday, hitting $4.88. The company’s stock had a trading volume of 8,929,490 shares, compared to its average volume of 10,861,392. The company has a debt-to-equity ratio of 4.01, a quick ratio of 1.32 and a current ratio of 1.42. The firm has a market cap of $79.56 billion, a price-to-earnings ratio of 9.38, a price-to-earnings-growth ratio of 1.22 and a beta of 1.18. Banco Santander has a twelve month low of $4.50 and a twelve month high of $7.57.

Banco Santander (NYSE:SAN) last posted its quarterly earnings results on Wednesday, October 31st. The bank reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.01). The business had revenue of $13.63 billion during the quarter. Banco Santander had a return on equity of 7.62% and a net margin of 15.20%. As a group, equities analysts predict that Banco Santander will post 0.55 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the business. Private Advisor Group LLC grew its position in Banco Santander by 253.5% during the 2nd quarter. Private Advisor Group LLC now owns 25,152 shares of the bank’s stock worth $134,000 after purchasing an additional 18,037 shares in the last quarter. Rhumbline Advisers grew its position in Banco Santander by 121.5% during the 3rd quarter. Rhumbline Advisers now owns 31,865 shares of the bank’s stock worth $159,000 after purchasing an additional 17,477 shares in the last quarter. Harrington Investments INC grew its position in Banco Santander by 53.0% during the 3rd quarter. Harrington Investments INC now owns 35,555 shares of the bank’s stock worth $178,000 after purchasing an additional 12,310 shares in the last quarter. SP Asset Management purchased a new position in Banco Santander during the 2nd quarter worth approximately $186,000. Finally, Intrust Bank NA grew its position in Banco Santander by 153.2% during the 2nd quarter. Intrust Bank NA now owns 35,384 shares of the bank’s stock worth $189,000 after purchasing an additional 21,410 shares in the last quarter. Hedge funds and other institutional investors own 1.62% of the company’s stock.

About Banco Santander

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; certificates of deposit; mortgages, auto finance, and personal loans; working capital finance; and debit and credit cards, as well as life and non-life insurance products.

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