Banco Santander Mexico Sa Instcn De (BSMX) Receives Average Rating of “Hold” from Brokerages

Shares of Banco Santander Mexico Sa Instcn De (NYSE:BSMX) have received an average rating of “Hold” from the seven analysts that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $9.00.

BSMX has been the topic of several recent research reports. Zacks Investment Research downgraded Banco Santander Mexico Sa Instcn De from a “hold” rating to a “sell” rating in a research report on Wednesday, June 27th. Credit Suisse Group upgraded Banco Santander Mexico Sa Instcn De from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 10th.

Banco Santander Mexico Sa Instcn De stock opened at $7.54 on Friday. Banco Santander Mexico Sa Instcn De has a 12 month low of $6.28 and a 12 month high of $9.55. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $5.16 billion, a P/E ratio of 10.93, a PEG ratio of 1.98 and a beta of 1.47.

Banco Santander Mexico Sa Instcn De (NYSE:BSMX) last posted its quarterly earnings data on Thursday, July 26th. The bank reported $0.20 EPS for the quarter, beating the consensus estimate of $0.18 by $0.02. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.06 billion. Banco Santander Mexico Sa Instcn De had a return on equity of 15.35% and a net margin of 16.49%. On average, analysts predict that Banco Santander Mexico Sa Instcn De will post 0.72 earnings per share for the current year.

Several large investors have recently bought and sold shares of the business. Todd Asset Management LLC lifted its position in shares of Banco Santander Mexico Sa Instcn De by 0.6% during the second quarter. Todd Asset Management LLC now owns 1,763,458 shares of the bank’s stock worth $11,798,000 after acquiring an additional 9,995 shares in the last quarter. Fulton Bank N.A. lifted its position in shares of Banco Santander Mexico Sa Instcn De by 40.0% during the second quarter. Fulton Bank N.A. now owns 56,549 shares of the bank’s stock worth $366,000 after acquiring an additional 16,158 shares in the last quarter. We Are One Seven LLC purchased a new stake in shares of Banco Santander Mexico Sa Instcn De during the third quarter worth $142,000. Guggenheim Capital LLC lifted its position in shares of Banco Santander Mexico Sa Instcn De by 5.7% during the first quarter. Guggenheim Capital LLC now owns 442,863 shares of the bank’s stock worth $3,175,000 after acquiring an additional 23,743 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Banco Santander Mexico Sa Instcn De by 31.1% during the first quarter. JPMorgan Chase & Co. now owns 127,592 shares of the bank’s stock worth $915,000 after acquiring an additional 30,275 shares in the last quarter. Hedge funds and other institutional investors own 27.94% of the company’s stock.

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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