Banco Santander Mexico Sa Instcn De (BSMX) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research downgraded shares of Banco Santander Mexico Sa Instcn De (NYSE:BSMX) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.

According to Zacks, “Banco Santander, S.A. Institución de Banca Múltiple provides banking services to commercial and private customers. The company’s products and services consist of securities brokerage, financial advice services, as well as other related investment activities and operations aimed at individuals and small and medium enterprises. Banco Santander, S.A. Institución de Banca Múltiple, formerly known as Grupo Financiero Santander, is based in Mexico. “

Several other research analysts have also commented on BSMX. Credit Suisse Group lowered Banco Santander Mexico Sa Instcn De from an outperform rating to a neutral rating in a research report on Monday, December 10th. Scotia Howard Weill lowered Banco Santander Mexico Sa Instcn De from an outperform rating to a sector perform rating in a research report on Wednesday, November 28th. Finally, Citigroup lowered Banco Santander Mexico Sa Instcn De from a buy rating to a neutral rating in a research report on Friday, November 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Banco Santander Mexico Sa Instcn De presently has an average rating of Hold and an average target price of $8.00.

Shares of BSMX traded down $0.09 during mid-day trading on Wednesday, hitting $6.41. The stock had a trading volume of 74,717 shares, compared to its average volume of 1,318,640. The firm has a market cap of $4.25 billion, a price-to-earnings ratio of 9.30, a PEG ratio of 1.11 and a beta of 1.27. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.94. Banco Santander Mexico Sa Instcn De has a fifty-two week low of $5.68 and a fifty-two week high of $8.81.

Banco Santander Mexico Sa Instcn De (NYSE:BSMX) last issued its earnings results on Wednesday, October 31st. The bank reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.09 billion. Banco Santander Mexico Sa Instcn De had a return on equity of 16.23% and a net margin of 15.36%. On average, sell-side analysts predict that Banco Santander Mexico Sa Instcn De will post 0.75 earnings per share for the current fiscal year.

The company also recently announced a special dividend, which was paid on Monday, January 7th. Stockholders of record on Thursday, December 27th were given a $0.1804 dividend. This is a positive change from Banco Santander Mexico Sa Instcn De’s previous special dividend of $0.16. The ex-dividend date of this dividend was Wednesday, December 26th. Banco Santander Mexico Sa Instcn De’s dividend payout ratio (DPR) is presently 44.93%.

A number of large investors have recently added to or reduced their stakes in the stock. FDx Advisors Inc. acquired a new position in Banco Santander Mexico Sa Instcn De during the 3rd quarter valued at approximately $101,000. Stevens Capital Management LP acquired a new position in Banco Santander Mexico Sa Instcn De during the 3rd quarter valued at approximately $121,000. We Are One Seven LLC acquired a new position in Banco Santander Mexico Sa Instcn De during the 3rd quarter valued at approximately $142,000. Dynamic Technology Lab Private Ltd acquired a new position in Banco Santander Mexico Sa Instcn De during the 3rd quarter valued at approximately $157,000. Finally, AMP Capital Investors Ltd boosted its position in Banco Santander Mexico Sa Instcn De by 13.8% during the 3rd quarter. AMP Capital Investors Ltd now owns 207,400 shares of the bank’s stock valued at $1,581,000 after purchasing an additional 25,100 shares during the period. Institutional investors and hedge funds own 26.40% 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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