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

Banco Santander (NYSE:SAN) issued its earnings results on Wednesday. The bank reported $0.21 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 Down 0.8 %

Shares of NYSE SAN traded down $0.05 during trading on Friday, hitting $5.72. The stock had a trading volume of 328,261 shares, compared to its average volume of 3,402,192. The company has a market capitalization of $90.57 billion, a PE ratio of 7.16, a PEG ratio of 0.62 and a beta of 1.12. The company has a debt-to-equity ratio of 3.08, a current ratio of 0.33 and a quick ratio of 0.23. The firm has a fifty day moving average of $4.81 and a two-hundred day moving average of $4.83. Banco Santander has a 12 month low of $3.87 and a 12 month high of $5.82.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SAN shares. StockNews.com upgraded Banco Santander from a “hold” rating to a “buy” rating in a research report on Thursday. Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, November 26th.

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.