Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX) Sets New 1-Year High at $5.70

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $5.70 and last traded at $5.66, with a volume of 120641 shares. The stock had previously closed at $5.65.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México from a “hold” rating to a “buy” rating and set a $5.50 price objective for the company in a research report on Tuesday, March 16th. HSBC lowered shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México from a “buy” rating to a “hold” rating in a research report on Tuesday, March 30th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $5.50.

The company has a debt-to-equity ratio of 1.01, a current ratio of 0.91 and a quick ratio of 0.91. The firm’s 50-day moving average is $5.01 and its 200 day moving average is $4.73. The stock has a market cap of $7.68 billion, a price-to-earnings ratio of 8.19 and a beta of 1.40.

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX) last issued its quarterly earnings results on Wednesday, February 3rd. The bank reported $0.20 EPS for the quarter, topping the consensus estimate of $0.14 by $0.06. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México had a net margin of 13.83% and a return on equity of 13.40%. The firm had revenue of $1.09 billion during the quarter. On average, sell-side analysts forecast that Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México will post 0.62 EPS for the current year.

A number of hedge funds have recently modified their holdings of BSMX. Fieldpoint Private Securities LLC acquired a new position in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México during the fourth quarter worth approximately $25,000. Paloma Partners Management Co purchased a new stake in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México during the fourth quarter worth approximately $65,000. JPMorgan Chase & Co. purchased a new stake in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México during the third quarter worth approximately $170,000. JustInvest LLC grew its stake in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México by 7.1% during the fourth quarter. JustInvest LLC now owns 34,155 shares of the bank’s stock worth $176,000 after buying an additional 2,266 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México during the fourth quarter worth approximately $196,000. 10.43% of the stock is owned by hedge funds and other institutional investors.

About Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (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 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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