The share 1

Cabecera Banc de Sabadell

Sabadell Share

The shares are represented by book entries and are listed on the stock exchanges of Barcelona, Bilbao, Madrid and Valencia and the Spanish Stock Exchange Interconnection System "SIBE" / Continuous Market.

For full financial information you can access our portal: www.bsmarkets.com.

Key share data

  dec-23 sep-23 jun-23 mar-22 dec-22 sep-22 jun-22 mar-21 dec-21
Number of shareholders 213,560 218,033 220,614 222,228 218,610 224,151 223,927 224,715 228,432
Number of outstanding shares (M) at the end of the period 1 5,403.04 5,431.64 5,584.03 5,582.39 5,602.19 5,590.30 5,594.73 5,595.65 5,586.29
Closing session (end of quarter) (€) 1.113 1.101 1.054 0.989 0.881 0.688 0.761 0.746 0.592
High (of the year) (€) 1.364 1.334 1.334 1.334 0.950 0.950 0.950 0.950 0.743
Low (of the year) (€) 0.873 0.873 0.873 0.886 0.565 0.565 0.565 0.565 0.343
Market capitalisation (€M) 6,013.6 5,977.5 5,885.6 5,519.9 4,934.4 3,848.4 4,255.4 4,172.1 3,306.0
EPS 0.23 0.22 0.20 0.18 0.13 0.14 0.11 0.10 0.08
PER 4.94 x 4.92 x 5.30 x 5.54 x 6.59 x 5.08 x 6.68 x 7.35 x 7.69 x
TBV 2.20 2.17 2.08 2.02 2.03 2.01 1.96 1.93 1.92
P/TBV 0.51 x 0.51 x 0.51 x 0.49 x 0.43 x 0.34 x 0.39 x 0.39 x 0.31 x
Nominal value 0.125 0.125 0.125 0.125 0.125 0.125 0.125 0.125 0.125

1. Number of shares excluding treasury stock.

Capital issuance

Date Action New shares Total shares Nominal value (€) Capital (€) Voting rights
11.12.2023 Capital reduction -186,743,254 5,440,221,447 0.125 680,027,681 5,440,221
23.11.2017 Capital increase · Final conversion of Subordinated Mandatory Convertible Debentures (OSNC) IV/2013 10,813,505 5,626,964,701 0.125 703,370,588 5,626,964
16.11.2016 Capital increase · Partial conversion of Subordinated Mandatory Convertible Debentures (OSNC) IV/2013 14,721,130 5,616,151,196 0.125 702,018,900 5,616,151
16.11.2016 Capital increase · Final conversion of Subordinated Mandatory Convertible Debentures (OSNC) III/2013 35,168,313 5,601,430,066 0.125 700,178,758 5,601,430
04.05.2016 Capital increase· Scrip dividend 127,016,761 5,566,261,753 0.125 695,782,719 6,957,827
10.12.2015 Capital increase · Final conversion of Subordinated Mandatory Convertible Debentures (OSNC) II/2013 110,856,166 5,439,244,992 0.125 679,905,624 6,799,056
26.11.2015 Capital increase · Partial conversion of Subordinated Mandatory Convertible Debentures (OSNC) Series III/2013 and IV/2013 10,312,149 5,328,388,826 0.125 666,048,603 6,660,486
06.08.2015 Capital increase · Final conversion of Subordinated Mandatory Convertible Debentures (OSNC) I/2013 130,720,394 5,318,076,677 0.125 664,759,585 6,647,595

Shareholder structure

Shareholder structure

   Shareholding according to holding size (31.03.2024)

 
Shareholding tranches Shareholders Shares %Capital
Up to 12,000 164,048 504,829,196 9.28
From 12,001 to 120,000 38,918 1,202,864,257 23.48
From 120,001 to 240,000 1,525 252,988,118 4.65
From 240,001 to 1,200,000 859 388,322,810 7.14
From 1,200,001 to 15,000,000 136 555,109,351 10.20
Over 15,000,000 24 2,536,107,715 46.62
Total 205,510 5,440,221,447 100.00

Significant Holdings and Own Shares

Here you can access information held in the public records of the National Securities Market Commission (CNMV) on Significant Holdings in Banco Sabadell and its Own Shares.

Shareholders' agreements

Banco Sabadell is not aware of any shareholders’ agreements currently in effect.

Shareholder remuneration policy

In this section you can download shareholder remuneration policy.

Shareholder remuneration

 
 
Year Type Payment date Ex-dividend date   Gross amount (€) Net amount (€)
2023 Final dividend 18.04.2024 16.04.2024   0.03 0.0243
2023 Interim dividend 29.12.2023 27.12.2023   0.03 0.0243
Total         0.06 0.0486
2022 Final dividend 31.03.2023 29.03.2023   0.02 0.0162
2022 Interim dividend 30.12.2022 28.12.2022   0.02 0.0162
Total         0.04 0.0324
2021 Dividend 01.04.2022 30.03.2022   0.03 0.0243
Total         0.03 0.0243
2019 Final dividend 03.04.2020 01.04.2020   0.02 0.0162
2019 Interim dividend 24.12.2019 20.12.2019   0.02 1 0.0162
Total         0.04 0.0324
2018 Final dividend 05.04.2019 03.04.2019   0.01 0.0081
2018 Interim dividend 28.12.2018 24.12.2018   0.02 0.0162
Total         0.03 0.0243
2017 Final dividend 27.04.2018 25.04.2018   0.05 0.0405
2017 Interim dividend 29.12.2017 27.12.2017   0.02 0.0162
Total         0.07 0.0567
2016 Final dividend 07.04.2017 05.04.2017   0.03 0.0243
2016 Interim dividend 30.12.2016 28.12.2016   0.02 0.0162
Total         0.05 0.0405
2015 Sabadell Dividendo Flexible 22.04.2016 05.04.2016   0.048 2 0.0389
2015 Supplementary remuneration 14.04.2016 07.04.2016   0.02 3 0.02
Total         0.068 0.0589
2014 Sabadell Dividendo Flexible 22.06.2015 02.06.2015   0.039 4 0.0312
2014 Supplementary remuneration 15.06.2015 06.06.2015   0.01 5 0.01
Total         0.049 0.0412
2013 Supplementary remuneration 04.04.2014 -   0.02 6 0.02
2013 Interim dividend 03.04.2014 -   0.01 0.0079
Total         0.03 0.0279
2012 Supplementary remuneration 05.04.2013 -   0.02 7 0.02
2012 Interim dividend 05.04.2013 -   0.01 0.0079
Total         0.03 0.0279
2011 Supplementary remuneration 08.06.2012 -   0.05 8 0.05
2011 Interim dividend 06.09.2011 -   0.05 0.0405
Total         0.10 0.0905
2010 Final dividend 19.04.2011 -   0.06 0.0486
2010 Interim dividend 20.12.2010 -   0.09 0.0729
Total         0.15 0.1215
2009 Supplementary remuneration 23.04.2010 -   0.089 0.08
2009 Interim dividend 15.12.2009 -   0.07 0.0574
2009 Interim dividend 01.09.2009 -   0.07 0.0574
Total         0.22 0.1948

1. Delivery of shares held in treasury stock. Reference value: 1.0725 euros. Delivery proportion: 1 share for every 66.20368225 shares.
2. Amount at which Banco Sabadell acquired the rights to free assignment. Distribution proportion: 1 share for every 34 shares.
3. Distribution in kind of part of the share premium in the form of shares held in treasury stock. Benchmark value: 1.665 euros. Resulting proportion: 1 share for every 83.25 shares.
4. Amount at which Banco Sabadell acquired the rights to free assignment. Distribution proportion: 1 share for every 59 shares.
5. Distribution in kind of part of the share premium in the form of shares held in treasury stock. Benchmark value: 2.3388 euros. Resulting proportion: 1 share for every 233.88 shares.
6. Distribution in kind of part of the share premium in the form of shares held in treasury stock. Benchmark value: 2.2260 euros. Resulting proportion: 1 share for every 111.3 shares.
7. Distribution in kind of part of the share premium in the form of shares held in treasury stock. Benchmark value: 1.5461 euros. Resulting proportion: 1 share for every 77.305 shares.
8. Distribution in kind of part of the share premium in the form of shares held in treasury stock. Benchmark value: 1.4072 euros. Resulting proportion: 1 share for every 28.144 shares.
9. Distribution in kind of part of the share premium in the form of shares held in treasury stock. Benchmark value: 4.2402 euros. Resulting proportion: 1 share for every 53 shares.

Investor's calendar

Event

Date

Blackout 1Q24 Financial results

April 10 - April 25, 2024

1Q24 Financial results

April 25, 2024 at 09.00am (CEST)

DB - Iberian Financial Institutions Investor Day

May 9, 2024 (Virtual)

ABN AMRO Benelux Investor Day

May 14, 2024 (Amsterdam)

UBS Best of Europe Virtual 1on1 Conference

14-16 May, 2024 (Virtual)

BME - Foro MedCap 2024

May 28, 2024 (Madrid)

HSBC European Financials Credit Event

May 28, 2024 (Paris)

JPM | Evento Inversores Milán

May 30, 2024 (Milan)

BofA - Speed dating Madrid

May 30, 204 (Madrid)

DB - Global Financial Services Conference

May 30, 2024 (New York)

AFME & IMN - Global ABS Conference

4-6 June, 2024 (Barcelona)

GS European Financials Conference

5-6 June, 2024 (Madrid)

UBS Financial Institutions Conference

13-14 June, 2024 (Laussane)

Blackout 2Q24 Financial results

July 10 - July 25, 2024

2Q24 Financial results

July 25, 2024 at 09.00am (CEST)

Euromoney/ECBC Covered Bond Congress

12 de septiembre de 2024, Oporto

Natixis FIG Conference

19-20 September, 2024 (Paris)

Former events

Event

Date

BofA - Speed dating Italy Swiss

April 10, 2024 (Virtual)

Shareholders' General Meeting

April 10, 2024 at 11.00 am (CEST)

Unicredit - FIG Conference

April 9, 2024 (Milan)

BofA – ESG Speed Dating Event

March 21, 2024 (Virtual)

Jefferies - Pan-European Mid-Cap Conference

19 March, 2024 (London)

Online meeting for retail shareholders

March 14, 2024 at 05.30pm (CET) (Virtual)

SG - Institutions Fixed Income Conference

March 14, 2024 (London)

Morgan Stanley - European Financials Conference

12-13 March, 2024 (London)

UBS - Amsterdam Conference

March 12, 2024 (Amsterdam)

JPM - Group Investor Tour (Dutch & Spanish Financial Tour)

March 8, 2024 at 09.00am (CET) (Madrid)

ING – BNP FIG Investor Day

March 7, 2024 (Paris)

Natixis - Virtual ESG Conference

6-7 March, 2024 (Virtual)

Citi - FIG London Investor Day

March 5, 2024 (London)

Santander speed dating

February 28, 2024 (London)

4Q23 Financial results

February 1, 2024 at 09.00am (CET)

Blackout 4Q23 Financial results

January 17 - February 1, 2024

JB Capital - Iberian Banks Conference

January 9, 2024 at 17.00am (CET) (Madrid)

J.P. Morgan - Sweep up

29-30 November, 2023 (Virtual)

BNP Paribas & ING - Amsterdam Financial Forum

November 29, 2023 (Amsterdam)

Redburn - CEO Conference

November 29, 2023 at 12.00am (CET) (Virtual)

Caixabank BPI - Nordic Reverse Roadshow

November 23, 2023 (Madrid)

Santander FI Issuer-Investor speed dating event

November 23, 2023 (Paris)

Barclays ESG Conference

November 22, 2023 (London)

Citi's Annual Lisbon Credit Investor Conference

November 22, 2023 (Lisbon)

BofA - European Credit Conference

November 21, 2023 (London)

Citi - Reverse Roadshow

November 8, 2023 (Madrid)

3Q23 Financial results

October 26, 2023 at 09.00am (CEST)

Blackout 3Q23 Financial results

11-26 October 2023

Online meeting for retail shareholders

October 10, 2023 (Virtual)

Oddo - Iberian Digital Forum

4-5 October, 2023 (Virtual)

ING - Euromoney: Sustainable Markets

September 28, 2023 (London)

Natixis - FIG Conference

September 28, 2023 (Paris)

BofA – Annual Financial CEO Conference

September 19, 2023 (London)

JP Morgan – Field Trip

September 15, 2023 (Madrid)

Euromoney/ECBC Covered Bond Congress

September 14, 2023 (Munich)

BofA - Nordic speed dating

September 14, 2023 (Copenhague)

Barclays - Global Financial Services Conference

12-13 September, 2023 (New York)

Morgan Stanley – Field Trip

September 7, 2023 (Madrid)

2Q23 Financial results

July 27, 2023 at 09.00am (CEST)

Blackout 2Q23 Financial results

12-27 July 2023

JPM – Spanish investors event

July 5, 2023 (Madrid)

GS - European Financials Conference

14-15 June, 2023 (Paris)

AFME & IMN - Global ABS

13-15 June, 2023 (Barcelona)

Citi - CB Investor Conference

June 12, 2023 (Virtual)

Barclays - Roundtable event (Credit investors)

June 7, 2023 (Virtual)

BofA- Paris Speed dating

June 7, 2023 (Paris)

DB - Annual Global Financial Services Conference

June 1, 2023 (New York)

BME - Foro MedCap

May 31, 2023 (Madrid)

Natixis - Speed Dating event

May 31, 2023 (Madrid)

DB - Iberian Financial Institutions Investor Day

May 25, 2023 (Virtual)

UBS - Financial Institutions Conference

23-24 May, 2023, (Lausanne, Switzerland)

Citi Spanish Banks Day

May 19, 2023 (Madrid)

ABN AMRO - Benelux Investor day

May 16, 2023 (Amsterdam)

Credit Agricole CIB - Bank's speed dating

May 11, 2023 (Milan)

DB - Austrian Finance Day

May 10, 2023 (virtual)

1Q23 Financial results

April 27, 2023 at 11.30am (CEST)

Blackout 1Q23 Financial results

12-27 April 2023

ING - Global FI ESG Event

March 28, 2023 (virtual)

Natixis - ESG FIG Conference

March 22, 2023 (virtual)

Morgan Stanley - European Financials Conference

14-15 March, 2023, (London)

UBS Fixed Income Conference

March 13, 2023 (Amsterdam)

JPM Investor Trip

March 10, 2023 (Madrid)

Online meeting for shareholders

March 7, 2023 (virtual)

Santander - Iberian Conference

February 1, 2023, (Madrid)

4Q22 Financial results

January 26, 2023 at 09.00am (CET)

Blackout 4Q22 Financial results

11-26 January 2023

Berenberg - Banks IR Speed Dating

January 3, 2023 (virtual)

CACIB 13th Global Sustainable Finance Conference

5-7 December 2022 (virtual)

Barclays - Conferencia de Crédito IG

December 1, 2022 (London)

Berenberg - Virtual Spanish Banks Trip

November 23, 2022 (Frankfurt)

Santander - Iberian Day

November 17, 2022 (Frankfurt)

CS - Madrid European Banks Issuer Day

November 17, 2022 (Madrid)

JB Capital - Iberian Conference

November 10, 2022 (virtual)

3Q22 Financial results

October 27, 2022 at 09.00am (CEST)

Blackout 3Q22 Financial results

12-27 October 2022

ODDO BHF - Iberian Digital Forum

6-7 October 2021, (virtual)

Natixis - Bank Capital Forum

October 4, 2022 (Paris)

Online meeting for shareholders

October 3, 2022 (Virtual)

CS - Euromoney/ECBC Covered Bond Congress

September 21, 2022 (Barcelona)

BofA - 27th Annual Financial CEO Conference

20 September 2022, (London)

Barclays - Global Financial Services Conference

13 September 2022, (New York)

BofA - Nordic Event

8 September 2022, (Copenhagen)

CaixaBank - XIX Iberian Conference

7 September 2022, (Porto)

2Q22 Financial results

July 28, 2022 at 08.30am (CEST)

Blackout 2Q22 Financial results

13-28 July 2022

JB Capital - Conferencia sector Financiero

21 June 2022, (Virtual)

AFME & IMN - Global ABS

14-16 June 2022, (Barcelona)

Berenberg Banks IR Speed Dating

9 June 2022, (virtual)

Goldman Sachs - European Financials Conference

9 June 2022, (Rome)

Deutsche Bank - Global Financial Services Conference

31 May 2022, (New York)

BME - Foro MEDCAP

26 May 2022, (Madrid)

JPM – meetings with Italian credit investors

24 May 2022, (Milano)

Commerzbank - ESG Virtual Event: Sustainability in volatile times

19 May 2022, (Virtual)

UBS - Best of Europe 1on1 VIRTUAL Conference

18 May 2022, (virtual)

HSBC - Evento Covered bond y AAA

16 May 2022, (Madrid)

BofA - Made in Iberia Conference

12 May 2022, (virtual)

1Q22 Financial results

April 28, 2022 at 09.00am (CEST)

Blackout 1Q22 Financial results

14-28 April 2022

BofA - Italy and Swiss Investors

7 April 2022, (Virtual)

UniCredit - Iberian Financial Institution Days

30 March 2022, (Virtual)

Morgan Stanley - European Financials Conference

March 17, 2022 (virtual)

BofA - ESG event

10 March 2022, (Virtual)

GS - Credit Investors speed dating event

9 March 2022, (Virtual)

Citi - Iberia FIG Credit Investor Update

3 March 2022, (Virtual)

Online meeting for shareholders

March 3, 2022 (virtual)

DB - Spanish issuers day

22 February 2022, (Virtual)

Santander – Iberian Conference

February 3, 2022

4Q21 Financial results

January 27, 2022 at 09.00am (CET)

Blackout 4Q21 Financial results

13-27 January 2022

Equity analysts

Equity research analyst coverage



Broker Analyst Date Target price (€) Recommendation
Kepler Jacques-Henri Gaulard Maria Antonia 12.04.2024 1.55 Neutral
Alantra Francisco Riquel 11.04.2024 2.02 Buy
Caixabank- BPI Carlos Peixoto 11.04.2024 1.80 Buy
Citi Borja Ramirez 10.04.2024 1.58 Neutral
UBS Ignacio Cerezo 08.04.2024 1.90 Buy
Morgan Stanley Álvaro Serrano 05.04.2024 1.55 Neutral
JB Capital Maksym Mishyn 04.04.2024 2.20 Buy
JP Morgan Sofie Peterzens 03.04.2024 1.40 Neutral
Autonomous Britta Schimdt 02.04.2024 1.73 Buy
Barclays Cecilia Romero 26.03.2024 1.50 Neutral
Redburn Gonzalo López 18.03.2024 1.43 Neutral
KBW Hugo Cruz 15.03.2024 1.72 Neutral
Santander Ignacio Mendez 06.03.2024 2.26 Buy
AlphaValue David Grinsztajn 04.03.2024 2.50 Buy
Bankinter Rafael Alonso 29.02.2024 1.70 Buy
Deutsche Bank Alfredo Alonso 26.02.2024 1.70 Buy
BofA Antonio Reale 23.02.2024 1.40 Neutral
Exane Ignacio Ulargui 16.02.2024 1.35 Neutral
Societé Générale Carlos Cobo 12.02.2024 1.24 Neutral
HSBC Domenico Santoro 05.02.2024 1.55 Buy
ODDO BHF Steven Gould 02.02.2024 1.50 Neutral
Mediobanca Andrea Filtri 02.02.2024 1.30 Neutral
Bestinver Fernando Gil de Santivañes 16.01.2024 1.70 Buy
Renta 4 Nuria Álvarez 14.12.2023 1.98 Buy
GVC Gaesco Marisa Mazo 26.10.2023 1.60 Buy
Norbolsa Ane Roa 17.08.2023 1.24 Neutral
Average 1.66

Breakdown of equity research analysts’ recommendations

Banco Sabadell is covered by the analysts listed above. This list may not be complete and is subject to change. Please note that any opinions, estimates or forecasts regarding Banco Sabadell’s future performance reflect the analyst’s view and do not represent opinions, estimates or forecasts of Banco Sabadell or its management. Banco Sabadell provides this data for your information. It is not Banco Sabadell’s intention to endorse the analyst’s view or provide any form of investment advice. Banco Sabadell accepts no liability derived from this information or the conclusions and recommendations provided by these analysts.

Sabadell Group Consensus 1Q24

 
Sabadell Group Consensus 1Q24 (€M)
Net interest income 1,216
Income from equity method and dividend 27
Commissions 334
Trading & forex 15
Other operating results -204
Gross operating income 1,387
Personal and administrative costs -632
Depreciation -128
Pre provision income 627
Total provisions & impairments -225
Gains on sale of assets 5
Profit before taxes 407
Taxes and others -168
Minority interest 0
Attributable net profit 239
 

Note: These figures are based on the estimates of 22 research analysts.

Consensus of estimated annual results for Sabadell Group

 
(€M) 2024 2025 2026
Net interest income 4,800 4,620 4,601
Net fees and commissions 1,327 1,348 1,383
Gross income 5,992 5,849 5,875
Total expenses -3,077 -3,141 -3,222
Pre-provision profit 2,915 2,708 2,653
Provisions -931 -951 -948
Attributable net profit 1,372 1,197 1,162
 

Average based on 22 research analysts' estimates for the years 2024-25 and on 21 research analysts' estimates for the year 2026 who have published their figures following the 4Q23 results presentation. These figures exclude the impact of the capital gain on the sale of the merchant acquiring business in 2024. The average target price of these analysts is €1.65
Data updated as at 12.04.2024.

1. Consensus based on estimates provided by research analysts covering Banco Sabadell’s shares. Some of those estimates may not be public, for which reason research analysts’ consensus could differ from consensus published by other financial information providers. Banco Sabadell does not provide any guarantee, whether implicitly or explicitly, as to the accuracy or completeness of the information referred to herein. The fulfilment of these estimates is not guaranteed by Banco Sabadell.
2. These figures and estimates are outside of the scope of mandatory information required by the National Securities Market Commission (CNMV for its acronym in Spanish). They are provided as a courtesy of Banco Sabadell for their possible relevance and for information purposes only.
3. This information does not represent the opinions, estimates or forecasts of Banco Sabadell or its directors or managers, and must not be interpreted as investment advice given by Banco Sabadell. This information may not include an exhaustive list of the entities and analysts that follow Banco Sabadell’s shares and is subject to change. Under no circumstances shall Banco Sabadell be liable for any errors or omissions in the foregoing, or for any type of loss or damage arising in connection with the same.