Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX) Sees Unusually-High Trading Volume

Shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMXGet Rating) saw an uptick in trading volume on Thursday . 1,300 shares changed hands during mid-day trading, a decline of 95% from the previous session’s volume of 25,349 shares.The stock last traded at $5.02 and had previously closed at $5.04.

A number of research firms have issued reports on BSMX. StockNews.com cut 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 Thursday, May 12th. JPMorgan Chase & Co. cut Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México from an “overweight” rating to a “neutral” rating and set a $6.00 price target on the stock. in a report on Wednesday, March 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $6.88.

The company has a fifty day moving average of $5.37 and a 200 day moving average of $5.45. The firm has a market capitalization of $6.81 billion, a P/E ratio of 6.90, a PEG ratio of 0.94 and a beta of 1.22. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.89 and a quick ratio of 0.89.

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMXGet Rating) last announced its earnings results on Thursday, April 28th. The bank reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México had a return on equity of 12.09% and a net margin of 15.18%. The business had revenue of $1.15 billion for the quarter. On average, sell-side analysts forecast that Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México will post 0.75 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its stake in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México by 9.0% in the third quarter. BlackRock Inc. now owns 110,183 shares of the bank’s stock valued at $631,000 after buying an additional 9,110 shares during the period. Virtu Financial LLC acquired a new position in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México in the first quarter valued at approximately $78,000. Black Creek Investment Management Inc. lifted its stake in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México by 5.8% in the fourth quarter. Black Creek Investment Management Inc. now owns 275,000 shares of the bank’s stock valued at $1,551,000 after buying an additional 15,000 shares during the period. Provida Pension Fund Administrator acquired a new position in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México in the fourth quarter valued at approximately $140,000. Finally, Envestnet Asset Management Inc. lifted its stake in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México by 214.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 68,284 shares of the bank’s stock valued at $385,000 after buying an additional 46,538 shares during the period.

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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