The bank will pay a 0.0631 dividend per share to shareholders who were registered on Friday 28th April. This yields 2%. The ex-dividend day is Thursday, the 27th of April. The previous semi-annual Banco Santander dividend was $0.06.
Banco Santander's dividend payout ratio is 18.8%, which means that the company's earnings are sufficient to cover its $0.13 annual dividend. The stock opened at $3.86 Tuesday. The company's debt-to equity ratio is 4.40. Its current ratio is 0.34, and its quick ratio 0.34. Banco Santander's 1 year low is $2.26, and its 1 year high is $4.09. The company has a market cap of $63.51billion, a P/E of 6.66, and a beta value of 1.08. The company's moving average of 50 days is $3.73, and its moving average of two hundred days is $3.24.
The last time the company announced its results was on Thursday, 2nd February. The bank posted $0.14 per share in earnings for the third quarter, exceeding the consensus estimate by $0.01 Banco Santander reported a return of equity of 9.77%, and a margin net of 18.47%. The company's revenue for the third quarter was $14.25 billion, which is higher than the consensus estimate at $14.43 billion. Analysts expect Banco Santander to post 0.6 earnings for the current fiscal.
Inflows of Institutional Capital and Outflows
Recent hedge funds have increased or decreased their stakes in a company. SVB Wealth LLC increased its stake in Banco Santander in the second quarter by 29.8%. SVB Wealth LLC owns now 26,721 shares worth $75,000 of the bank stock after purchasing 6,131 additional shares. Neuberger Berman Group LLC increased their position in Banco Santander in the fourth quarter by 17.8%. Neuberger Berman Group LLC owns 24,651 of the bank’s shares worth $73,000, after purchasing an additional 3,733 during the fourth quarter. Franklin Resources Inc. has increased its stake in Banco Santander from 26.2% to $73,000 in the fourth quarter. Franklin Resources Inc. owns 24,273 of the bank’s shares worth $72,000, after purchasing an additional 5,040 during the fourth quarter. Glenmede Trust Co. NA increased its stake in Banco Santander during the third quarter by 24.1%. Glenmede Trust Co. NA owns 29,497 of the bank’s stock, valued at $68,000. This is after purchasing an additional 5,725 during the period. Beacon Pointe Advisors LLC also bought Banco Santander stock during the first quarter, valued at $62,000. Institutional investors own 1.90%.
Analyst Ratings Changes
Several analysts released reports on SAN's shares. Banco Santander was downgraded from a "buy" rating to a "hold" rating in an article published on Friday, 31st March. Four investment analysts rated the stock as a 'hold' and three gave it a a 'buy rating. According to MarketBeat.com Banco Santander has an average rating 'Hold,' with an average price target of $3.76.
Banco Santander Company profile
Banco Santander SA, a banking service company, provides banking services to both individuals and companies. It is divided into four segments: Europe; North America; South America and Digital Consumer Bank. The Europe segment includes all business activities conducted in the region.
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