Banco Santander Mexico Sa Instcn De (NYSE:BSMX) Shares Down 5.1%

Banco Santander Mexico Sa Instcn De (NYSE:BSMX) shares were down 5.1% on Friday . The stock traded as low as $3.13 and last traded at $3.16, approximately 549,039 shares traded hands during trading. A decline of 12% from the average daily volume of 626,655 shares. The stock had previously closed at $3.33.

A number of research firms have commented on BSMX. ValuEngine cut shares of Banco Santander Mexico Sa Instcn De from a “hold” rating to a “sell” rating in a report on Thursday, July 23rd. Citigroup began coverage on shares of Banco Santander Mexico Sa Instcn De in a report on Thursday, May 28th. They issued a “buy” rating for the company. Zacks Investment Research upgraded shares of Banco Santander Mexico Sa Instcn De from a “sell” rating to a “hold” rating in a report on Friday, July 10th. Credit Suisse Group cut shares of Banco Santander Mexico Sa Instcn De from an “outperform” rating to an “underperform” rating in a report on Thursday, May 14th. Finally, Goldman Sachs Group assumed coverage on shares of Banco Santander Mexico Sa Instcn De in a research note on Wednesday, June 17th. They issued a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $7.25.

The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.88. The business’s 50-day moving average is $3.54 and its two-hundred day moving average is $4.44. The company has a market capitalization of $4.29 billion, a P/E ratio of 4.33, a price-to-earnings-growth ratio of 5.68 and a beta of 1.49.

Banco Santander Mexico Sa Instcn De (NYSE:BSMX) last released its quarterly earnings results on Wednesday, April 29th. The bank reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. Banco Santander Mexico Sa Instcn De had a net margin of 13.98% and a return on equity of 13.98%. The company had revenue of $1.12 billion for the quarter. Analysts predict that Banco Santander Mexico Sa Instcn De will post 0.48 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the business. JustInvest LLC raised its position in Banco Santander Mexico Sa Instcn De by 149.0% in the second quarter. JustInvest LLC now owns 31,944 shares of the bank’s stock worth $115,000 after acquiring an additional 19,113 shares during the period. APG Asset Management N.V. bought a new stake in Banco Santander Mexico Sa Instcn De in the first quarter worth about $2,323,000. Engineers Gate Manager LP raised its position in Banco Santander Mexico Sa Instcn De by 89.9% in the first quarter. Engineers Gate Manager LP now owns 64,159 shares of the bank’s stock worth $208,000 after acquiring an additional 30,374 shares during the period. Tower Research Capital LLC TRC bought a new stake in Banco Santander Mexico Sa Instcn De in the first quarter worth about $57,000. Finally, Invesco Ltd. increased its stake in shares of Banco Santander Mexico Sa Instcn De by 1,526.7% in the first quarter. Invesco Ltd. now owns 2,056,885 shares of the bank’s stock worth $6,664,000 after purchasing an additional 1,930,443 shares in the last quarter. 10.63% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander Mexico Sa Instcn De Company Profile (NYSE:BSMX)

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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