Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX – Get Rating) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.46 and traded as high as $6.20. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México shares last traded at $6.04, with a volume of 38,328 shares trading hands.
Analyst Ratings Changes
Several analysts recently issued reports on the stock. StockNews.com raised shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México from a "hold" rating to a "buy" rating in a research report on Thursday, November 24th. Scotiabank downgraded shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México from an "outperform" rating to an "underperform" rating in a research report on Monday, October 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $6.50.
Get Banco Santander México S.A. Institución de Banca Múltiple Grupo Financiero Santander México alerts:Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México Trading Up 0.2 %
The firm's 50-day moving average is $5.90 and its 200-day moving average is $5.46. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.91. The firm has a market cap of $8.20 billion, a price-to-earnings ratio of 6.57, a P/E/G ratio of 0.43 and a beta of 1.15.
Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX – Get Rating) last posted its quarterly earnings data on Thursday, October 27th. The bank reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.09. The firm had revenue of $1.11 billion for the quarter. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México had a net margin of 17.63% and a return on equity of 15.63%. As a group, sell-side analysts anticipate that Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México will post 0.94 EPS for the current fiscal year.Hedge Funds Weigh In On Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México
Hedge funds have recently bought and sold shares of the company. Virtu Financial LLC purchased a new position in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México during the 1st quarter worth $78,000. Cerity Partners LLC purchased a new position in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México during the 2nd quarter worth $92,000. Philadelphia Financial Management of San Francisco LLC bought a new stake in shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México during the 1st quarter worth $1,056,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México by 20.2% during the 1st quarter. JPMorgan Chase & Co. now owns 796,300 shares of the bank's stock worth $4,173,000 after purchasing an additional 133,623 shares during the period. 10.91% of the stock is owned by hedge funds and other institutional investors.
Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México Company Profile
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Banco Santander México, SA, Institución de Banca Múltiple, Grupo Financiero Santander México provides various banking products and services in Mexico. The company operates through Retail Banking and Corporate and Investment Banking segments. It offers various deposit products, such as current accounts, savings accounts, and time deposits, as well as certificates of interbank deposits; and payroll loans, personal loans, credit cards, mortgages, and insurance brokerage services.
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