CIBC Bancorp USA Inc. Takes Position in Banco Santander, S.A. $SAN

CIBC Bancorp USA Inc. bought a new position in shares of Banco Santander, S.A. (NYSE:SAN) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 8,951,450 shares of the bank’s stock, valued at approximately $93,811,000. CIBC Bancorp USA Inc. owned 0.06% of Banco Santander at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Root Financial Partners LLC bought a new position in shares of Banco Santander during the third quarter valued at $25,000. True Wealth Design LLC bought a new stake in shares of Banco Santander in the 3rd quarter worth about $27,000. Princeton Global Asset Management LLC acquired a new stake in shares of Banco Santander during the 3rd quarter worth about $31,000. Binnacle Investments Inc lifted its holdings in Banco Santander by 96.2% during the 3rd quarter. Binnacle Investments Inc now owns 3,227 shares of the bank’s stock valued at $34,000 after purchasing an additional 1,582 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. boosted its position in Banco Santander by 75.0% in the third quarter. Farmers & Merchants Investments Inc. now owns 3,500 shares of the bank’s stock valued at $37,000 after buying an additional 1,500 shares in the last quarter. 9.19% of the stock is currently owned by institutional investors.

Banco Santander Stock Up 0.9%

Shares of NYSE:SAN opened at $11.01 on Wednesday. The company has a debt-to-equity ratio of 3.15, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market cap of $163.81 billion, a price-to-earnings ratio of 10.90, a P/E/G ratio of 0.66 and a beta of 0.71. The company has a 50 day moving average of $12.12 and a 200-day moving average of $11.10. Banco Santander, S.A. has a one year low of $5.54 and a one year high of $13.24.

Banco Santander (NYSE:SAN) last announced its quarterly earnings data on Tuesday, February 3rd. The bank reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.04. Banco Santander had a net margin of 18.85% and a return on equity of 12.14%. The business had revenue of $18.90 billion for the quarter, compared to analyst estimates of $15.89 billion. On average, sell-side analysts forecast that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Banco Santander Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, May 8th. Stockholders of record on Monday, May 4th will be given a $0.1473 dividend. This represents a dividend yield of 254.0%. The ex-dividend date is Monday, May 4th. Banco Santander’s dividend payout ratio (DPR) is currently 20.79%.

Analyst Ratings Changes

SAN has been the subject of several recent analyst reports. Wall Street Zen raised shares of Banco Santander from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Barclays cut Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. DZ Bank lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 18th. UBS Group restated a “buy” rating on shares of Banco Santander in a report on Monday, February 16th. Finally, Zacks Research cut Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Banco Santander currently has a consensus rating of “Moderate Buy”.

About Banco Santander

Banco Santander, SA (NYSE: SAN) is a Spanish multinational banking group headquartered in Santander, Spain. Founded in 1857, the bank has grown from a regional institution into one of Europe’s largest banking groups, operating a diversified financial services platform that serves retail, small and medium-sized enterprises, and large corporate clients. Santander is publicly listed in Spain and maintains American Depositary Receipts on the New York Stock Exchange under the ticker SAN.

The group’s core activities include retail and commercial banking—offering deposit accounts, payment services, mortgages, personal and auto loans, and small business financing—alongside corporate and investment banking services for larger institutional clients.