Banco de Sabadell S.A. stock (ES0113860A34): RBC trims target after TSB-sale payout

Banco de Sabadell shares are in focus on the Spanish market after RBC Capital Markets trimmed its price target to reflect the shareholder payout tied to the TSB sale, while the lender also moves ahead with a new buyback program.

Banco de Sabadell shares were back in the spotlight on Spain's BME on 05/29/2026 after RBC Capital Markets cut its price target in response to the payout linked to the sale of TSB Banking Group, according to MarketScreener's compilation of the note. The stock last closed at EUR 2.911, while the consensus average target shown in the same update stood at EUR 3.350, implying a spread of 15.08% from the last close.

The bank also announced a second share buyback program worth up to EUR 365 million, a capital action that keeps the Spanish lender active in its home market and on its primary listing venue, BME, where Sabadell trades in euros. MarketScreener also carried a separate note on an extra-dividend-related model adjustment, underscoring that the market is still recalibrating valuation after the TSB transaction and the associated payout structure.

As of: 05/29/2026

By the editorial team - specialized in equity coverage.

At a glance

• Name: Banco de Sabadell S.A.
• Sector/industry: Banking
• Headquarters/country: Sabadell, Spain
• Core markets: Spain and selected international banking activities
• Key revenue drivers: net interest income, fees and commissions, treasury and capital actions
• Home exchange/listing venue: BME (SAB)
• Trading currency: EUR

Banco de Sabadell S.A.: core business model

The group earns most of its income from retail, SME and corporate banking services in Spain, with balance-sheet returns shaped by lending spreads, deposit costs and fee generation.

Recent corporate actions

The latest corporate actions now center on the TSB sale, the related shareholder payout and a renewed buyback, which together give the market a cleaner set of variables to value as the capital return plan unfolds.

Valuation metrics and multiples for Banco de Sabadell S.A.

MarketScreener's 05/29/2026 update showed a last close of EUR 2.911 and an average target price of EUR 3.350, while a related same-day note showed EUR 3.323 after a model adjustment tied to the extra dividend payment.

That spread indicates that analysts are still working through the impact of the asset sale and distributions on valuation, rather than focusing only on near-term operating momentum.

Conclusion

The stock's latest move is being shaped less by a single operating print than by capital-return mechanics and the valuation reset after the TSB sale. Friday's valuation module points to a market still pricing in the balance between cash returned to shareholders and the earnings profile that remains after the transaction.

Disclaimer: This article does not constitute investment advice. The comprehensive scope of this informative article was made possible through the use of a.i.. Stocks are volatile financial instruments.