Zacks Investment Research upgraded shares of Banco Santander Mexico Sa Instcn De (NYSE:BSMX) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning, Zacks.com reports. The firm currently has $7.50 price target on the bank’s stock.
According to Zacks, “Banco Santander, S.A. Institución de Banca Múltiple provides banking services to commercial and private customers. The company’s products and services consist of securities brokerage, financial advice services, as well as other related investment activities and operations aimed at individuals and small and medium enterprises. Banco Santander, S.A. Institución de Banca Múltiple, formerly known as Grupo Financiero Santander, is based in Mexico. “
A number of other research analysts also recently issued reports on BSMX. ValuEngine upgraded shares of Banco Santander Mexico Sa Instcn De from a strong sell rating to a sell rating in a research report on Tuesday, December 24th. Credit Suisse Group raised Banco Santander Mexico Sa Instcn De from a neutral rating to an outperform rating in a research note on Monday, October 7th. JPMorgan Chase & Co. raised Banco Santander Mexico Sa Instcn De from a neutral rating to an overweight rating in a research note on Wednesday, December 18th. Finally, Bank of America reaffirmed a neutral rating on shares of Banco Santander Mexico Sa Instcn De in a research note on Thursday, September 12th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $7.45.
Banco Santander Mexico Sa Instcn De stock opened at $6.78 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.84. Banco Santander Mexico Sa Instcn De has a 1 year low of $6.05 and a 1 year high of $8.74. The company has a market cap of $9.20 billion, a PE ratio of 9.04, a PEG ratio of 1.98 and a beta of 1.37. The company’s 50-day moving average is $6.60 and its two-hundred day moving average is $6.83.
Banco Santander Mexico Sa Instcn De (NYSE:BSMX) last released its earnings results on Thursday, October 31st. The bank reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. Banco Santander Mexico Sa Instcn De had a net margin of 14.85% and a return on equity of 15.77%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. Research analysts forecast that Banco Santander Mexico Sa Instcn De will post 0.81 EPS for the current year.
The business also recently declared a semi-annual dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, December 26th will be paid a $0.1855 dividend. The ex-dividend date of this dividend is Tuesday, December 24th. This represents a dividend yield of 6.6%. Banco Santander Mexico Sa Instcn De’s dividend payout ratio (DPR) is presently 25.33%.
Several hedge funds have recently made changes to their positions in the company. Susquehanna International Group LLP increased its stake in shares of Banco Santander Mexico Sa Instcn De by 18.6% in the 2nd quarter. Susquehanna International Group LLP now owns 16,366 shares of the bank’s stock valued at $125,000 after acquiring an additional 2,566 shares during the last quarter. Simplex Trading LLC bought a new stake in Banco Santander Mexico Sa Instcn De during the 3rd quarter worth approximately $27,000. Quantamental Technologies LLC bought a new stake in Banco Santander Mexico Sa Instcn De during the 2nd quarter worth approximately $65,000. NumerixS Investment Technologies Inc bought a new stake in Banco Santander Mexico Sa Instcn De during the 2nd quarter worth approximately $77,000. Finally, First Trust Advisors LP bought a new stake in Banco Santander Mexico Sa Instcn De during the 2nd quarter worth approximately $122,000. 3.52% of the stock is owned by institutional investors.
About Banco Santander Mexico Sa Instcn De
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 Global Corporate 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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