Banco Santander, S.A. (NYSE:SAN) Given Consensus Rating of “Buy” by Analysts

Shares of Banco Santander, S.A. (NYSE:SANGet Rating) have been assigned a consensus recommendation of “Buy” from the sixteen ratings firms that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $3.83.

Several equities research analysts have weighed in on SAN shares. TheStreet upgraded shares of Banco Santander from a “d+” rating to a “c” rating in a research report on Friday, February 18th. StockNews.com initiated coverage on shares of Banco Santander in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Zacks Investment Research raised shares of Banco Santander from a “hold” rating to a “buy” rating and set a $3.00 target price on the stock in a research note on Tuesday, May 17th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Banco Santander from €3.90 ($4.19) to €4.20 ($4.52) and gave the company a “buy” rating in a research note on Thursday, March 31st. Finally, The Goldman Sachs Group initiated coverage on shares of Banco Santander in a research note on Thursday, March 31st. They issued a “buy” rating and a €5.00 ($5.38) target price on the stock.

SAN opened at $3.15 on Thursday. The stock has a market capitalization of $54.62 billion, a PE ratio of 5.53 and a beta of 1.29. Banco Santander has a 1-year low of $2.68 and a 1-year high of $4.38. The firm has a 50-day moving average price of $3.13 and a two-hundred day moving average price of $3.31.

Banco Santander (NYSE:SANGet Rating) last posted its quarterly earnings data on Tuesday, April 26th. The bank reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The firm had revenue of $13.81 billion during the quarter, compared to analysts’ expectations of $13.31 billion. Banco Santander had a net margin of 19.12% and a return on equity of 9.25%. On average, sell-side analysts expect that Banco Santander will post 0.56 EPS for the current fiscal year.

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, May 5th. Investors of record on Friday, April 29th were paid a dividend of $0.0571 per share. This is a positive change from Banco Santander’s previous semi-annual dividend of $0.06. The ex-dividend date of this dividend was Thursday, April 28th. This represents a yield of 1.1%. Banco Santander’s dividend payout ratio (DPR) is presently 12.28%.

Institutional investors have recently added to or reduced their stakes in the stock. West Bancorporation Inc. bought a new position in Banco Santander during the 4th quarter worth approximately $25,000. Abundance Wealth Counselors bought a new stake in Banco Santander in the 4th quarter valued at $33,000. Aaron Wealth Advisors LLC acquired a new position in Banco Santander in the 4th quarter worth $34,000. CWM LLC increased its holdings in Banco Santander by 120.1% during the 1st quarter. CWM LLC now owns 9,970 shares of the bank’s stock worth $34,000 after purchasing an additional 5,441 shares in the last quarter. Finally, Ieq Capital LLC bought a new stake in shares of Banco Santander in the first quarter valued at about $35,000. 8.34% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander Company Profile (Get Rating)

Banco Santander, SA provides various retail and commercial banking products and services to individuals, small and medium-sized enterprises, and large companies worldwide. It offers demand and time deposits, and current and savings accounts; mortgages, consumer finance, syndicated corporate loans, structured financing, cash management, export and agency finance, trade and working capital solutions, and corporate finance; and insurance products.

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