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

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

Banco Santander Price Performance

Shares of Banco Santander stock traded up $0.44 during trading hours on Wednesday, reaching $5.57. The company’s stock had a trading volume of 3,488,998 shares, compared to its average volume of 3,185,847. The company has a debt-to-equity ratio of 3.08, a current ratio of 0.33 and a quick ratio of 0.23. Banco Santander has a one year low of $3.87 and a one year high of $5.58. The firm has a 50 day moving average price of $4.76 and a 200-day moving average price of $4.82. The stock has a market cap of $88.07 billion, a P/E ratio of 6.96, a P/E/G ratio of 0.62 and a beta of 1.12.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 26th. StockNews.com cut Banco Santander from a “buy” rating to a “hold” rating in a report 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.