Banco Santander Mexico Sa Instcn De (NYSE:BSMX) Stock Rating Lowered by ValuEngine

Banco Santander Mexico Sa Instcn De (NYSE:BSMX) was downgraded by stock analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Thursday, ValuEngine reports.

Separately, Zacks Investment Research cut shares of Banco Santander Mexico Sa Instcn De from a “buy” rating to a “hold” rating in a research report on Wednesday, July 3rd. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Banco Santander Mexico Sa Instcn De currently has an average rating of “Hold” and an average target price of $7.83.

NYSE:BSMX traded down $0.13 during trading hours on Thursday, reaching $6.97. The company’s stock had a trading volume of 3,333,421 shares, compared to its average volume of 1,880,346. The company has a market capitalization of $10.06 billion, a price-to-earnings ratio of 9.29, a price-to-earnings-growth ratio of 1.15 and a beta of 1.38. The firm’s 50-day moving average price is $7.56. Banco Santander Mexico Sa Instcn De has a 1 year low of $5.68 and a 1 year high of $8.74.

Banco Santander Mexico Sa Instcn De (NYSE:BSMX) last released its quarterly earnings data on Tuesday, April 30th. The bank reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Banco Santander Mexico Sa Instcn De had a net margin of 14.86% and a return on equity of 15.90%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Sell-side analysts expect that Banco Santander Mexico Sa Instcn De will post 0.75 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Advisors Asset Management Inc. boosted its stake in Banco Santander Mexico Sa Instcn De by 44.3% during the first quarter. Advisors Asset Management Inc. now owns 9,467 shares of the bank’s stock worth $64,000 after acquiring an additional 2,908 shares in the last quarter. Rehmann Capital Advisory Group boosted its stake in Banco Santander Mexico Sa Instcn De by 23.4% during the first quarter. Rehmann Capital Advisory Group now owns 12,629 shares of the bank’s stock worth $85,000 after acquiring an additional 2,393 shares in the last quarter. LPL Financial LLC bought a new stake in Banco Santander Mexico Sa Instcn De during the fourth quarter worth about $100,000. First Trust Advisors LP bought a new stake in Banco Santander Mexico Sa Instcn De during the second quarter worth about $122,000. Finally, We Are One Seven LLC boosted its stake in Banco Santander Mexico Sa Instcn De by 81.2% during the first quarter. We Are One Seven LLC now owns 31,656 shares of the bank’s stock worth $214,000 after acquiring an additional 14,187 shares in the last quarter. 10.54% of the stock is currently owned by hedge funds and other institutional investors.

Banco Santander Mexico Sa Instcn De Company Profile

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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Analyst Recommendations for Banco Santander Mexico Sa Instcn De (NYSE:BSMX)

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