Zacks Investment Research downgraded shares of Banco Santander, S.A. (NYSE:SAN) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.
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 subject of several other reports. Bank of America Corporation raised shares of Banco Santander, from an underperform rating to a neutral rating in a report on Friday, June 9th. ValuEngine raised shares of Banco Santander, from a buy rating to a strong-buy rating in a report on Monday, July 17th. Goldman Sachs Group, Inc. (The) reissued a neutral rating on shares of Banco Santander, in a report on Tuesday, August 15th. Finally, BidaskClub lowered shares of Banco Santander, from a strong-buy rating to a buy rating in a report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. Banco Santander, has an average rating of Hold and a consensus price target of $16.50.
Banco Santander, (NYSE:SAN) opened at 6.71 on Friday. The stock has a 50 day moving average of $6.59 and a 200 day moving average of $6.46. The stock has a market cap of $103.20 billion, a P/E ratio of 12.40 and a beta of 1.38. Banco Santander, has a 1-year low of $4.19 and a 1-year high of $6.99.
Banco Santander, (NYSE:SAN) last issued its quarterly earnings data on Friday, July 28th. The bank reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.02). Banco Santander, had a return on equity of 7.65% and a net margin of 13.12%. The business had revenue of $13.10 billion during the quarter. Equities analysts anticipate that Banco Santander, will post $0.49 EPS for the current fiscal year.
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Institutional investors and hedge funds have recently made changes to their positions in the business. Lincoln National Corp grew its holdings in Banco Santander, by 5.0% during the 2nd quarter. Lincoln National Corp now owns 15,711 shares of the bank’s stock valued at $105,000 after buying an additional 755 shares in the last quarter. Rhumbline Advisers purchased a new stake in Banco Santander, during the 2nd quarter valued at approximately $108,000. Keybank National Association OH purchased a new stake in Banco Santander, during the 1st quarter valued at approximately $114,000. Good Life Advisors LLC purchased a new stake in Banco Santander, during the 2nd quarter valued at approximately $119,000. Finally, Edgar Lomax Co. VA grew its holdings in Banco Santander, by 83.4% during the 1st quarter. Edgar Lomax Co. VA now owns 19,900 shares of the bank’s stock valued at $122,000 after buying an additional 9,050 shares in the last quarter. 1.30% of the stock is owned by institutional investors and hedge funds.
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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