Banco Santander, S.A. (NYSE:SAN) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Banco Santander, S.A. (NYSE:SAN) have been given an average rating of “Moderate Buy” by the ten analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have assigned a buy recommendation to the company.

Several brokerages recently weighed in on SAN. Weiss Ratings downgraded shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a report on Wednesday, July 29th. Wall Street Zen downgraded Banco Santander from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Finally, Santander reiterated a “buy” rating on shares of Banco Santander in a research report on Tuesday, June 23rd.

Banco Santander Price Performance

Shares of SAN stock opened at $14.90 on Monday. The company has a market cap of $218.87 billion, a price-to-earnings ratio of 12.11, a PEG ratio of 0.74 and a beta of 0.74. Banco Santander has a 1 year low of $9.48 and a 1 year high of $15.05. The firm has a fifty day moving average price of $14.19 and a 200-day moving average price of $12.82.

Banco Santander (NYSE:SAN) last released its earnings results on Wednesday, July 22nd. The bank reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The firm had revenue of $17.93 billion for the quarter, compared to the consensus estimate of $17.90 billion. Banco Santander had a return on equity of 12.43% and a net margin of 26.94%. Equities research analysts expect that Banco Santander will post 1.25 EPS for the current year.

Hedge Funds Weigh In On Banco Santander

Several hedge funds have recently modified their holdings of SAN. Acumen Wealth Advisors LLC increased its holdings in Banco Santander by 117.9% in the 1st quarter. Acumen Wealth Advisors LLC now owns 2,308 shares of the bank’s stock valued at $26,000 after acquiring an additional 1,249 shares during the last quarter. Whipplewood Advisors LLC bought a new position in shares of Banco Santander during the 1st quarter valued at about $28,000. Financial Management Professionals Inc. grew its position in shares of Banco Santander by 151.1% during the second quarter. Financial Management Professionals Inc. now owns 2,471 shares of the bank’s stock valued at $34,000 after purchasing an additional 1,487 shares in the last quarter. Compass Financial Management LLC bought a new stake in shares of Banco Santander in the second quarter worth about $34,000. Finally, Continuum Advisory LLC bought a new stake in shares of Banco Santander in the second quarter worth about $38,000. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Banco Santander Company Profile

Banco Santander, SA (NYSE: SAN) is a Spanish multinational banking group headquartered in Santander, Spain. Founded in 1857, the bank has grown from a regional institution into one of Europe’s largest banking groups, operating a diversified financial services platform that serves retail, small and medium-sized enterprises, and large corporate clients. Santander is publicly listed in Spain and maintains American Depositary Receipts on the New York Stock Exchange under the ticker SAN.

The group’s core activities include retail and commercial banking—offering deposit accounts, payment services, mortgages, personal and auto loans, and small business financing—alongside corporate and investment banking services for larger institutional clients.