Banco Santander (NYSE:SAN) Issues Quarterly Earnings Results, Hits Estimates

Banco Santander (NYSE:SAN) released its quarterly earnings data on Wednesday. The bank reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21, Zacks reports. Banco Santander had a net margin of 15.76% and a return on equity of 11.70%.

Banco Santander Stock Up 8.5 %

Shares of SAN traded up $0.44 during trading hours on Wednesday, hitting $5.57. The company had a trading volume of 3,488,998 shares, compared to its average volume of 3,185,847. Banco Santander has a one year low of $3.87 and a one year high of $5.58. The company’s fifty day moving average price is $4.76 and its two-hundred day moving average price is $4.82. The company has a market capitalization of $88.07 billion, a PE ratio of 6.96, a price-to-earnings-growth ratio of 0.62 and a beta of 1.12. The company has a current ratio of 0.33, a quick ratio of 0.23 and a debt-to-equity ratio of 3.08.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SAN. Morgan Stanley upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Tuesday, November 26th. StockNews.com lowered Banco Santander from a “buy” rating to a “hold” rating in a research note on Tuesday, January 21st.

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.