Banco Santander Mexico Sa Instcn De (NYSE:BSMX) Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Banco Santander Mexico Sa Instcn De (NYSE:BSMX) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning, 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. “

Several other research analysts also recently issued reports on BSMX. Bank of America reaffirmed a neutral rating on shares of Banco Santander Mexico Sa Instcn De in a research note on Thursday, September 12th. ValuEngine raised Banco Santander Mexico Sa Instcn De from a strong sell rating to a sell rating in a research note on Wednesday, October 2nd. Finally, Credit Suisse Group raised Banco Santander Mexico Sa Instcn De from a neutral rating to an outperform rating in a research note on Monday, October 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $7.33.

Banco Santander Mexico Sa Instcn De stock opened at $6.87 on Tuesday. The business has a 50 day moving average of $6.42 and a 200-day moving average of $7.24. Banco Santander Mexico Sa Instcn De has a 1 year low of $5.68 and a 1 year high of $8.74. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $9.33 billion, a P/E ratio of 9.16, a P/E/G ratio of 1.93 and a beta of 1.35.

Banco Santander Mexico Sa Instcn De (NYSE:BSMX) last released its quarterly earnings data on Thursday, July 25th. The bank reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.02. Banco Santander Mexico Sa Instcn De had a return on equity of 15.56% and a net margin of 14.86%. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.05 billion. Equities analysts anticipate that Banco Santander Mexico Sa Instcn De will post 0.81 EPS for the current year.

A number of hedge funds have recently made changes to their positions in BSMX. Quantamental Technologies LLC bought a new stake in Banco Santander Mexico Sa Instcn De in the second quarter valued at approximately $65,000. NumerixS Investment Technologies Inc bought a new stake in Banco Santander Mexico Sa Instcn De in the second quarter valued at approximately $77,000. Gamco Investors INC. ET AL bought a new stake in Banco Santander Mexico Sa Instcn De in the second quarter valued at approximately $79,000. Rehmann Capital Advisory Group boosted its holdings in Banco Santander Mexico Sa Instcn De by 23.4% in the first quarter. Rehmann Capital Advisory Group now owns 12,629 shares of the bank’s stock valued at $85,000 after acquiring an additional 2,393 shares during the last quarter. Finally, First Trust Advisors LP bought a new stake in Banco Santander Mexico Sa Instcn De in the second quarter valued at approximately $122,000. Institutional investors and hedge funds own 10.27% of the company’s stock.

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.

See Also: How to interpret the current ratio

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.