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

Banco Santander (NYSE:SAN) posted its quarterly earnings results on Wednesday. The bank reported $0.21 earnings per share (EPS) for the quarter, hitting 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 Performance

Shares of SAN stock opened at $5.64 on Thursday. The company has a market capitalization of $89.18 billion, a price-to-earnings ratio of 7.04, a PEG ratio of 0.62 and a beta of 1.12. The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.23 and a current ratio of 0.33. Banco Santander has a 52 week low of $3.87 and a 52 week high of $5.64. The company has a 50-day simple moving average of $4.76 and a 200 day simple moving average of $4.82.

Analyst Ratings Changes

A number of research firms recently commented 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 downgraded Banco Santander from a “buy” rating to a “hold” rating in a research note on Tuesday, January 21st.

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.