Banco Santander (SAN) Shares Gap Down to $4.97

Banco Santander, S.A. (NYSE:SAN) gapped down prior to trading on Tuesday . The stock had previously closed at $5.07, but opened at $4.97. Banco Santander shares last traded at $4.88, with a volume of 8876087 shares changing hands.

A number of brokerages have recently issued reports on SAN. Zacks Investment Research cut shares of Banco Santander from a “hold” rating to a “sell” rating in a report on Friday, October 5th. Keefe, Bruyette & Woods cut shares of Banco Santander from an “outperform” rating to a “hold” rating in a report on Tuesday, October 2nd. Finally, ValuEngine raised shares of Banco Santander from a “strong sell” rating to a “sell” rating in a report on Thursday, November 1st.

The company has a debt-to-equity ratio of 4.01, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market cap of $79.72 billion, a PE ratio of 9.38, a PEG ratio of 1.21 and a beta of 1.08.

Banco Santander (NYSE:SAN) last issued its earnings results on Wednesday, October 31st. The bank reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.01). The firm had revenue of $13.63 billion during the quarter. Banco Santander had a net margin of 15.20% and a return on equity of 7.62%. On average, equities analysts predict that Banco Santander, S.A. will post 0.55 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 8th. Shareholders of record on Thursday, January 31st will be issued a $0.0746 dividend. The ex-dividend date of this dividend is Wednesday, January 30th. This represents a $0.30 annualized dividend and a yield of 6.11%. Banco Santander’s dividend payout ratio is currently 23.08%.

Institutional investors have recently added to or reduced their stakes in the business. Ipswich Investment Management Co. Inc. bought a new position in Banco Santander in the 4th quarter valued at about $30,000. Legacy Financial Advisors Inc. raised its holdings in Banco Santander by 459.0% in the 4th quarter. Legacy Financial Advisors Inc. now owns 10,102 shares of the bank’s stock valued at $45,000 after acquiring an additional 8,295 shares during the period. Marshall Wace North America L.P. bought a new position in Banco Santander in the 3rd quarter valued at about $57,000. Hollencrest Capital Management raised its holdings in Banco Santander by 28.8% in the 4th quarter. Hollencrest Capital Management now owns 13,032 shares of the bank’s stock valued at $58,000 after acquiring an additional 2,917 shares during the period. Finally, Great Lakes Advisors LLC bought a new position in Banco Santander in the 3rd quarter valued at about $111,000. 1.71% of the stock is currently owned by hedge funds and other institutional investors.

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Banco Santander Company Profile (NYSE:SAN)

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; certificates of deposit; mortgages, auto finance, and personal loans; working capital finance; and debit and credit cards, as well as life and non-life insurance products.

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