Banco Santander (NYSE:SAN) Hits New 1-Year Low at $4.01

Banco Santander SA (NYSE:SAN)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $4.01 and last traded at $4.02, with a volume of 805930 shares trading hands. The stock had previously closed at $4.06.

SAN has been the topic of several analyst reports. UBS Group downgraded Banco Santander from a “buy” rating to a “neutral” rating in a report on Thursday, July 18th. ValuEngine downgraded Banco Santander from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 2nd. Finally, Zacks Investment Research upgraded Banco Santander from a “sell” rating to a “hold” rating in a report on Saturday, July 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $5.75.

The company has a debt-to-equity ratio of 11.13, a current ratio of 2.08 and a quick ratio of 2.08. The stock has a fifty day moving average of $4.50. The firm has a market cap of $65.12 billion, a P/E ratio of 7.35 and a beta of 1.14.

Banco Santander (NYSE:SAN) last posted its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.03). Banco Santander had a return on equity of 7.27% and a net margin of 14.99%. The business had revenue of $13.88 billion for the quarter. On average, analysts predict that Banco Santander SA will post 0.54 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the business. Cambiar Investors LLC increased its holdings in Banco Santander by 14.3% during the 1st quarter. Cambiar Investors LLC now owns 25,374,640 shares of the bank’s stock worth $117,485,000 after purchasing an additional 3,172,692 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Banco Santander by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,208,680 shares of the bank’s stock worth $14,375,000 after acquiring an additional 23,915 shares in the last quarter. Clearbridge Investments LLC grew its position in shares of Banco Santander by 4.7% in the 1st quarter. Clearbridge Investments LLC now owns 2,782,397 shares of the bank’s stock worth $12,882,000 after acquiring an additional 124,519 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in shares of Banco Santander by 8.0% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 1,655,972 shares of the bank’s stock worth $7,585,000 after acquiring an additional 122,376 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Banco Santander by 21.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,471,589 shares of the bank’s stock worth $6,813,000 after acquiring an additional 261,647 shares in the last quarter. Institutional investors own 1.72% of the company’s stock.

About Banco Santander (NYSE:SAN)

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; mortgages, consumer finance, auto finance, and personal loans; export and agency finance, trade and working capital solutions, syndicated corporate loans, and structured financing; debt capital markets and global markets services; and debit and credit cards.

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