Banco Santander (SAN) Lowered to Sell at Zacks Investment Research

Banco Santander (NYSE:SAN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Thursday.

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. “

Other equities analysts have also issued research reports about the stock. ValuEngine upgraded shares of Banco Santander from a “strong sell” rating to a “sell” rating in a report on Thursday, November 1st. Keefe, Bruyette & Woods lowered shares of Banco Santander from an “outperform” rating to a “hold” rating in a report on Tuesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $6.85.

Shares of SAN opened at $4.84 on Thursday. The firm has a market capitalization of $77.80 billion, a price-to-earnings ratio of 8.82, a P/E/G ratio of 1.19 and a beta of 1.18. Banco Santander has a fifty-two week low of $4.50 and a fifty-two week high of $7.57. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 4.01.

Banco Santander (NYSE:SAN) last announced its quarterly earnings results on Wednesday, October 31st. The bank reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.01). The company had revenue of $13.63 billion during the quarter. Banco Santander had a net margin of 15.20% and a return on equity of 7.62%. Sell-side analysts forecast that Banco Santander will post 0.55 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC boosted its holdings in shares of Banco Santander by 3.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 320,052 shares of the bank’s stock valued at $1,709,000 after purchasing an additional 9,695 shares during the last quarter. American Assets Investment Management LLC lifted its holdings in shares of Banco Santander by 3.5% during the 2nd quarter. American Assets Investment Management LLC now owns 299,554 shares of the bank’s stock valued at $1,594,000 after acquiring an additional 10,000 shares in the last quarter. Hilltop Holdings Inc. lifted its holdings in shares of Banco Santander by 40.5% during the 3rd quarter. Hilltop Holdings Inc. now owns 36,255 shares of the bank’s stock valued at $181,000 after acquiring an additional 10,446 shares in the last quarter. Creative Planning lifted its holdings in shares of Banco Santander by 13.8% during the 3rd quarter. Creative Planning now owns 89,264 shares of the bank’s stock valued at $446,000 after acquiring an additional 10,841 shares in the last quarter. Finally, Checchi Capital Advisers LLC lifted its holdings in shares of Banco Santander by 13.3% during the 3rd quarter. Checchi Capital Advisers LLC now owns 93,477 shares of the bank’s stock valued at $467,000 after acquiring an additional 10,972 shares in the last quarter. Institutional investors own 1.64% of the company’s stock.

Banco Santander Company Profile

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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