Banco Santander, S.A. (NYSE:SAN) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 9,433,331 shares, a growth of 56.9% from the October 13th total of 6,010,510 shares. Based on an average daily trading volume, of 5,379,589 shares, the days-to-cover ratio is currently 1.8 days.
Shares of Banco Santander (NYSE:SAN) traded down $0.07 during trading hours on Tuesday, hitting $6.50. The stock had a trading volume of 3,415,646 shares, compared to its average volume of 6,079,732. Banco Santander has a one year low of $4.76 and a one year high of $6.99. The firm has a market cap of $105,707.38, a price-to-earnings ratio of 13.18, a PEG ratio of 1.31 and a beta of 1.39. The company has a debt-to-equity ratio of 3.88, a current ratio of 1.38 and a quick ratio of 1.38.
Banco Santander (NYSE:SAN) last announced its quarterly earnings data on Thursday, October 26th. The bank reported $0.14 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.14. Banco Santander had a return on equity of 6.86% and a net margin of 14.06%. The company had revenue of $14.39 billion for the quarter. equities research analysts anticipate that Banco Santander will post 0.55 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in the company. Lincoln National Corp lifted its position in shares of Banco Santander by 5.0% during the 2nd quarter. Lincoln National Corp now owns 15,711 shares of the bank’s stock worth $105,000 after buying an additional 755 shares during the period. Keybank National Association OH bought a new position in shares of Banco Santander during the 3rd quarter worth approximately $107,000. Rhumbline Advisers bought a new position in shares of Banco Santander during the 2nd quarter worth approximately $108,000. Good Life Advisors LLC bought a new position in shares of Banco Santander during the 2nd quarter worth approximately $119,000. Finally, Park Avenue Securities LLC bought a new position in shares of Banco Santander during the 3rd quarter worth approximately $132,000. 1.26% of the stock is currently owned by institutional investors.
A number of research firms have issued reports on SAN. BidaskClub lowered Banco Santander from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Zacks Investment Research raised Banco Santander from a “hold” rating to a “buy” rating and set a $7.75 target price on the stock in a report on Tuesday, September 26th. Finally, Goldman Sachs Group reaffirmed a “neutral” rating on shares of Banco Santander in a report on Tuesday, August 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $13.15.
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About Banco Santander
Banco Santander, SA is a retail and commercial bank. The Banks segments include Continental Europe, the United Kingdom, Latin America and the United States. The Continental Europe segment covers all businesses in the Continental Europe. The United Kingdom segment includes the businesses developed by various units and branches in the country.
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