Banco Santander Mexico Sa Instcn De (BSMX) Given Average Rating of “Hold” by Analysts

Shares of Banco Santander Mexico Sa Instcn De (NYSE:BSMX) have been assigned an average recommendation of “Hold” from the seven research firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $9.00.

A number of research analysts recently commented on the company. Zacks Investment Research raised Banco Santander Mexico Sa Instcn De from a “hold” rating to a “buy” rating and set a $8.50 target price on the stock in a research note on Wednesday, July 11th. Credit Suisse Group raised Banco Santander Mexico Sa Instcn De from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 10th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Todd Asset Management LLC increased its stake in Banco Santander Mexico Sa Instcn De by 0.6% in the second quarter. Todd Asset Management LLC now owns 1,763,458 shares of the bank’s stock valued at $11,798,000 after acquiring an additional 9,995 shares during the last quarter. Fulton Bank N.A. grew its stake 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 valued at $366,000 after buying an additional 16,158 shares during the last quarter. We Are One Seven LLC bought a new position in shares of Banco Santander Mexico Sa Instcn De during the third quarter valued at about $142,000. Guggenheim Capital LLC grew its stake 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 valued at $3,175,000 after buying an additional 23,743 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake 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 valued at $915,000 after buying an additional 30,275 shares during the last quarter. 27.94% of the stock is currently owned by institutional investors and hedge funds.

BSMX opened at $7.54 on Friday. The firm 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. 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 52 week low of $6.28 and a 52 week high of $9.55.

Banco Santander Mexico Sa Instcn De (NYSE:BSMX) last released its earnings results on Thursday, July 26th. The bank reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.02. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations 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%. As a group, sell-side analysts anticipate that Banco Santander Mexico Sa Instcn De will post 0.72 earnings per share for the current fiscal year.

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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