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

Banco Santander (NYSE:SAN) issued 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 return on equity of 11.70% and a net margin of 15.76%.

Banco Santander Trading Up 8.9 %

NYSE SAN traded up $0.46 during trading hours on Wednesday, hitting $5.59. 4,617,140 shares of the company’s stock were exchanged, compared to its average volume of 3,227,423. The stock has a 50-day simple moving average of $4.76 and a 200 day simple moving average of $4.82. Banco Santander has a 1-year low of $3.87 and a 1-year high of $5.59. The firm has a market cap of $88.39 billion, a price-to-earnings ratio of 6.98, a PEG 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.

Wall Street Analysts Forecast Growth

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

About Banco Santander

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.