Zacks Investment Research Downgrades Banco Santander Mexico Sa Instcn De (NYSE:BSMX) to Sell

Zacks Investment Research Downgrades Banco Santander Mexico Sa Instcn De (NYSE:BSMX) to Sell

Banco Santander Mexico Sa Instcn De (NYSE:BSMX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, Zacks.com reports.

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. “

BSMX has been the topic of several other research reports. ValuEngine upgraded Banco Santander Mexico Sa Instcn De from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. Morgan Stanley downgraded Banco Santander Mexico Sa Instcn De from an “overweight” rating to an “underweight” rating in a report on Friday, March 8th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of $7.20.

Shares of NYSE BSMX opened at $7.50 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.86. Banco Santander Mexico Sa Instcn De has a 1-year low of $5.68 and a 1-year high of $8.81. The stock has a market cap of $10.09 billion, a price-to-earnings ratio of 10.00, a P/E/G ratio of 1.17 and a beta of 1.41.

Banco Santander Mexico Sa Instcn De (NYSE:BSMX) last issued its quarterly earnings results on Tuesday, April 30th. The bank reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.01. Banco Santander Mexico Sa Instcn De had a return on equity of 15.98% and a net margin of 14.87%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. On average, research analysts expect that Banco Santander Mexico Sa Instcn De will post 0.74 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in BSMX. Bank of America Corp DE increased its holdings in shares of Banco Santander Mexico Sa Instcn De by 139.3% in the 4th quarter. Bank of America Corp DE now owns 4,468,205 shares of the bank’s stock valued at $27,524,000 after acquiring an additional 2,601,345 shares during the last quarter. FIL Ltd purchased a new position in shares of Banco Santander Mexico Sa Instcn De in the 1st quarter valued at about $9,643,000. Macquarie Group Ltd. increased its holdings in shares of Banco Santander Mexico Sa Instcn De by 14.1% in the 1st quarter. Macquarie Group Ltd. now owns 11,249,027 shares of the bank’s stock valued at $76,156,000 after acquiring an additional 1,391,174 shares during the last quarter. Prudential PLC purchased a new position in shares of Banco Santander Mexico Sa Instcn De in the 4th quarter valued at about $7,521,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Banco Santander Mexico Sa Instcn De in the 3rd quarter valued at about $5,493,000.

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.

Featured Article: Should you buy a closed-end mutual fund?

Get a free copy of the Zacks research report on Banco Santander Mexico Sa Instcn De (BSMX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Banco Santander Mexico Sa Instcn De Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Santander Mexico Sa Instcn De and related companies with MarketBeat.com's FREE daily email newsletter.




Banco Santander Mexico Sa Instcn De (NYSE:BSMX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, Zacks.com reports.

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. “

BSMX has been the topic of several other research reports. ValuEngine upgraded Banco Santander Mexico Sa Instcn De from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. Morgan Stanley downgraded Banco Santander Mexico Sa Instcn De from an “overweight” rating to an “underweight” rating in a report on Friday, March 8th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of $7.20.

Shares of NYSE BSMX opened at $7.50 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.86. Banco Santander Mexico Sa Instcn De has a 1-year low of $5.68 and a 1-year high of $8.81. The stock has a market cap of $10.09 billion, a price-to-earnings ratio of 10.00, a P/E/G ratio of 1.17 and a beta of 1.41.

Banco Santander Mexico Sa Instcn De (NYSE:BSMX) last issued its quarterly earnings results on Tuesday, April 30th. The bank reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.01. Banco Santander Mexico Sa Instcn De had a return on equity of 15.98% and a net margin of 14.87%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. On average, research analysts expect that Banco Santander Mexico Sa Instcn De will post 0.74 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in BSMX. Bank of America Corp DE increased its holdings in shares of Banco Santander Mexico Sa Instcn De by 139.3% in the 4th quarter. Bank of America Corp DE now owns 4,468,205 shares of the bank’s stock valued at $27,524,000 after acquiring an additional 2,601,345 shares during the last quarter. FIL Ltd purchased a new position in shares of Banco Santander Mexico Sa Instcn De in the 1st quarter valued at about $9,643,000. Macquarie Group Ltd. increased its holdings in shares of Banco Santander Mexico Sa Instcn De by 14.1% in the 1st quarter. Macquarie Group Ltd. now owns 11,249,027 shares of the bank’s stock valued at $76,156,000 after acquiring an additional 1,391,174 shares during the last quarter. Prudential PLC purchased a new position in shares of Banco Santander Mexico Sa Instcn De in the 4th quarter valued at about $7,521,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Banco Santander Mexico Sa Instcn De in the 3rd quarter valued at about $5,493,000.

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.

Featured Article: Should you buy a closed-end mutual fund?

Get a free copy of the Zacks research report on Banco Santander Mexico Sa Instcn De (BSMX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Banco Santander Mexico Sa Instcn De Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Santander Mexico Sa Instcn De and related companies with MarketBeat.com's FREE daily email newsletter.