Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY – Get Rating) was the recipient of a large increase in short interest during the month of December. As of December 30th, there was short interest totalling 27,700 shares, an increase of 47.3% from the December 15th total of 18,800 shares. Based on an average daily volume of 72,400 shares, the short-interest ratio is currently 0.4 days.
Grupo Financiero Banorte Stock Performance
Shares of OTCMKTS:GBOOY traded up $0.77 during trading on Friday, reaching $41.27. The company had a trading volume of 14,047 shares, compared to its average volume of 12,511. Grupo Financiero Banorte has a twelve month low of $26.44 and a twelve month high of $43.00. The firm has a market capitalization of $23.80 billion, a PE ratio of 12.98, a price-to-earnings-growth ratio of 0.52 and a beta of 1.11. The firm's fifty day moving average is $38.76 and its 200 day moving average is $34.78.
Get Grupo Financiero Banorte alerts:Grupo Financiero Banorte Cuts Dividend
The business also recently disclosed a dividend, which was paid on Monday, December 19th. Shareholders of record on Monday, December 12th were paid a $1.3296 dividend. The ex-dividend date of this dividend was Friday, December 9th. This represents a yield of 7.19%. Grupo Financiero Banorte's dividend payout ratio is presently 85.53%.
Analysts Set New Price Targets
Separately, Scotiabank cut shares of Grupo Financiero Banorte from an "outperform" rating to a "sector perform" rating in a research report on Friday.Grupo Financiero Banorte Company Profile
(Get Rating)
Grupo Financiero Banorte, SAB. de C.V., through its subsidiaries, provides banking and financial products and services in Mexico. The company offers payroll accounts and credit cards; car, mortgage, payroll, and personal credit banorte; and savings and investment products. It also provides insurance products, including life, home, auto, health, savings, credit card, mobile equipment, and mortgage credit insurance; foreign exchange services; and online and mobile banking services.
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