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Santander Bank (NYSE: SAN – Get a rating) saw its target price lowered by equity analysts at UBS Group from €4.40 ($4.44) to €4.00 ($4.04) in a research note released Tuesday to investors, Fly reports. The brokerage currently has a “buy” rating on the bank’s shares.
Several other analysts have also published reports on the company. Credit Suisse Group upgraded Banco Santander from a “neutral” rating to an “outperforming” rating and raised its target price for the stock from $3.30 to $4.00 in a Friday, April 1 report. JPMorgan Chase & Co. cut its price target on Banco Santander from €3.90 ($3.94) to €3.50 ($3.54) in a Thursday, May 19 research note. Deutsche Bank Aktiengesellschaft raised its price target on Banco Santander from €3.90 ($3.94) to €4.20 ($4.24) and gave the company a “buy” rating in a rating. research from Thursday, March 31. Jefferies Financial Group upgraded Banco Santander from a “hold” to a “buy” rating in a Monday, March 21 research note. To finish, StockNews.com began covering Banco Santander in a research note on Thursday, March 31. They issued a “buy” rating on the stock. Six equity research analysts gave the stock a hold rating and eight gave the stock a buy rating. According to data from MarketBeat, Banco Santander currently has an average rating of “Moderate Buy” and a consensus target price of $3.81.
Banco Santander price performance
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NYSE:SAN traded down $0.14 during trading hours on Tuesday, hitting $2.54. 511,726 shares were traded, against an average volume of 7,714,595. The stock has a market capitalization of $44.05 billion, a PE ratio of 4.46 and a beta of 1.29. Banco Santander has a 12-month low of $2.28 and a 12-month high of $4.01. The company has a 50-day moving average of $2.86 and a 200-day moving average of $3.22.
Santander Bank (NYSE: SAN – Get a rating) last released its quarterly results on Tuesday, April 26. The bank reported earnings per share of $0.16 for the quarter, beating consensus analyst estimates of $0.14 by $0.02. Banco Santander achieved a return on equity of 9.25% and a net margin of 19.12%. The company posted revenue of $13.81 billion for the quarter, versus $13.31 billion expected by analysts. Equity research analysts expect Banco Santander to post earnings per share of 0.56 for the current year.
Institutional negotiation of Banco Santander
Several hedge funds have recently changed their positions in the company. West Bancorporation Inc. bought a new position in Banco Santander in Q4 worth approximately $25,000. CWM LLC increased its stake in Banco Santander shares by 120.1% in the 1st quarter. CWM LLC now owns 9,970 shares of the bank worth $34,000 after purchasing an additional 5,441 shares in the last quarter. Ieq Capital LLC bought a new position in shares of Banco Santander in Q1 worth around $35,000. Avantax Advisory Services Inc. bought a new position in Banco Santander shares in Q1 worth around $35,000. Finally, Cetera Investment Advisers bought a new position in Banco Santander shares in Q1 worth around $35,000. 8.34% of the stock is currently held by institutional investors.
Banco Santander company profile
Banco Santander, SA provides various retail and commercial banking products and services to individuals, small and medium enterprises and large corporations worldwide. It offers demand and term deposits, as well as current and savings accounts; mortgages, consumer credit, syndicated corporate loans, structured finance, cash management, export and agency finance, trade and working capital solutions, and corporate finance; and insurance products.
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