Banco Santander (NYSE:SAN) Lowered to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of Banco Santander (NYSE:SAN) from a hold rating to a sell rating in a report published on Wednesday morning, Zacks.com reports.

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 topic of a number of other reports. UBS Group downgraded Banco Santander from a buy rating to a neutral rating in a research note on Thursday, July 18th. ValuEngine downgraded Banco Santander from a sell rating to a strong sell rating in a research note on Tuesday, July 2nd. Finally, HSBC upgraded Banco Santander from a reduce rating to a hold rating in a research note on Wednesday, August 21st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $5.75.

Banco Santander stock opened at $4.04 on Wednesday. The company has a debt-to-equity ratio of 11.13, a current ratio of 2.08 and a quick ratio of 2.08. Banco Santander has a 1-year low of $3.65 and a 1-year high of $5.39. The company has a market cap of $65.27 billion, a PE ratio of 7.35 and a beta of 1.19. The stock’s 50 day moving average price is $3.93 and its 200 day moving average price is $4.49.

Banco Santander (NYSE:SAN) last posted its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.03). Banco Santander had a net margin of 14.99% and a return on equity of 7.27%. The business had revenue of $13.88 billion during the quarter. On average, equities research analysts anticipate that Banco Santander will post 0.52 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC acquired a new position in Banco Santander during the second quarter worth $29,000. Cornerstone Advisors Inc. raised its holdings in Banco Santander by 53.9% during the first quarter. Cornerstone Advisors Inc. now owns 7,473 shares of the bank’s stock worth $35,000 after purchasing an additional 2,616 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in Banco Santander during the second quarter worth $43,000. Pointe Capital Management LLC acquired a new position in Banco Santander during the second quarter worth $46,000. Finally, Mutual Advisors LLC acquired a new position in Banco Santander during the second quarter worth $47,000. Hedge funds and other institutional investors own 1.75% of the company’s stock.

About Banco Santander

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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