Banco Santander (NYSE:SAN) Shares Gap Down to $4.93

Banco Santander, S.A. (NYSE:SAN) gapped down before the market opened on Thursday . The stock had previously closed at $4.93, but opened at $4.81. Banco Santander shares last traded at $4.75, with a volume of 363,875 shares.

Wall Street Analyst Weigh In

Several analysts have commented on SAN shares. Barclays raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 25th. StockNews.com lowered shares of Banco Santander from a “strong-buy” rating to a “buy” rating in a report on Wednesday.

Banco Santander Stock Down 1.8 %

The firm has a 50-day simple moving average of $4.98 and a 200 day simple moving average of $4.48. The company has a debt-to-equity ratio of 13.96, a current ratio of 2.27 and a quick ratio of 0.35. The company has a market capitalization of $73.51 billion, a PE ratio of 6.45, a price-to-earnings-growth ratio of 0.40 and a beta of 1.17.

Banco Santander (NYSE:SAN) last released its quarterly earnings results on Tuesday, April 30th. The bank reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The firm had revenue of $16.34 billion for the quarter. Banco Santander had a net margin of 14.98% and a return on equity of 10.95%. On average, research analysts predict that Banco Santander, S.A. will post 0.82 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SAN. Financial Management Professionals Inc. increased its holdings in Banco Santander by 1,853.0% during the 1st quarter. Financial Management Professionals Inc. now owns 8,359 shares of the bank’s stock worth $40,000 after purchasing an additional 7,931 shares during the last quarter. Principal Securities Inc. bought a new stake in shares of Banco Santander in the fourth quarter worth $35,000. Glassman Wealth Services raised its holdings in Banco Santander by 56.3% in the fourth quarter. Glassman Wealth Services now owns 9,565 shares of the bank’s stock valued at $40,000 after acquiring an additional 3,444 shares in the last quarter. Riversedge Advisors LLC acquired a new position in Banco Santander during the 4th quarter worth $42,000. Finally, Coldstream Capital Management Inc. bought a new stake in shares of Banco Santander in the 4th quarter worth about $42,000. Institutional investors and hedge funds own 9.19% of the company’s stock.

Banco Santander Company Profile

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.