Grupo Financiero Santander Mexico S.A. B. de C.V. Announces None Dividend of $0.06 (BSMX)

Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) announced a None dividend on Tuesday, January 16th, Zacks reports. Shareholders of record on Friday, January 26th will be paid a dividend of 0.059 per share by the bank on Friday, February 2nd. This represents a yield of 0.0077023498694517%. The ex-dividend date of this dividend is Thursday, January 25th.

Grupo Financiero Santander Mexico S.A. B. de C.V. has decreased its dividend by an average of 14.2% per year over the last three years. Grupo Financiero Santander Mexico S.A. B. de C.V. has a payout ratio of 47.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Grupo Financiero Santander Mexico S.A. B. de C.V. to earn $0.81 per share next year, which means the company should continue to be able to cover its $0.35 annual dividend with an expected future payout ratio of 43.2%.

Shares of Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) traded down $0.03 on Wednesday, reaching $7.66. The company’s stock had a trading volume of 3,175,800 shares, compared to its average volume of 2,360,170. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.87. Grupo Financiero Santander Mexico S.A. B. de C.V. has a 1-year low of $6.89 and a 1-year high of $10.82. The stock has a market cap of $5,109.37, a P/E ratio of 11.26, a price-to-earnings-growth ratio of 1.43 and a beta of 1.36.

Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) last issued its earnings results on Thursday, October 26th. The bank reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). Grupo Financiero Santander Mexico S.A. B. de C.V. had a net margin of 17.80% and a return on equity of 15.27%. equities analysts expect that Grupo Financiero Santander Mexico S.A. B. de C.V. will post 0.74 earnings per share for the current fiscal year.

BSMX has been the topic of a number of research reports. Credit Suisse Group downgraded Grupo Financiero Santander Mexico S.A. B. de C.V. from a “neutral” rating to an “underperform” rating in a research note on Tuesday. Zacks Investment Research downgraded Grupo Financiero Santander Mexico S.A. B. de C.V. from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. ValuEngine upgraded Grupo Financiero Santander Mexico S.A. B. de C.V. from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. BidaskClub downgraded Grupo Financiero Santander Mexico S.A. B. de C.V. from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 18th. Finally, Scotia Howard Weill upgraded Grupo Financiero Santander Mexico S.A. B. de C.V. from an “underperform” rating to a “sector perform” rating in a research note on Monday, November 27th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Grupo Financiero Santander Mexico S.A. B. de C.V. currently has a consensus rating of “Hold” and a consensus price target of $9.62.

A hedge fund recently raised its stake in Grupo Financiero Santander Mexico S.A. B. de C.V. stock. State Street Corp increased its stake in Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) by 2.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 45,899 shares of the bank’s stock after purchasing an additional 1,300 shares during the quarter. State Street Corp’s holdings in Grupo Financiero Santander Mexico S.A. B. de C.V. were worth $442,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 29.45% of the company’s stock.

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Grupo Financiero Santander Mexico S.A. B. de C.V. Company Profile

Grupo Financiero Santander Mexico SAB de CV, formerly Santander Mexico Financial Group SAB de CV or Grupo Financiero Santander SAB de CV, is a Mexico-based financial institution. The Company is primarily engaged in the provision of multiple banking services, securities brokerage, financial advice services, as well as other related investment activities.

Dividend History for Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX)

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