Banco Santander Mexico Sa Instcn De (NYSE:BSMX) has been given an average recommendation of “Buy” by the six ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $9.00.

BSMX has been the subject of a number of research analyst reports. Zacks Investment Research lowered Banco Santander Mexico Sa Instcn De from a “hold” rating to a “sell” rating in a report on Wednesday, June 27th. Credit Suisse Group upgraded Banco Santander Mexico Sa Instcn De from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 10th.

Shares of BSMX stock traded up $0.05 during trading hours on Friday, reaching $7.77. 1,478,563 shares of the company’s stock were exchanged, compared to its average volume of 2,273,683. Banco Santander Mexico Sa Instcn De has a fifty-two week low of $6.28 and a fifty-two week high of $9.11. The firm has a market cap of $5.13 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 1.93 and a beta of 1.47. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.94.

Banco Santander Mexico Sa Instcn De (NYSE:BSMX) last issued its quarterly earnings results on Thursday, July 26th. The bank reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. Banco Santander Mexico Sa Instcn De had a return on equity of 15.35% and a net margin of 16.49%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.06 billion. As a group, equities analysts predict that Banco Santander Mexico Sa Instcn De will post 0.74 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. We Are One Seven LLC bought a new stake in shares of Banco Santander Mexico Sa Instcn De during the third quarter valued at approximately $142,000. Banco de Sabadell S.A bought a new stake in shares of Banco Santander Mexico Sa Instcn De during the second quarter valued at approximately $206,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Banco Santander Mexico Sa Instcn De during the first quarter valued at approximately $231,000. Fulton Bank N.A. increased its position 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 purchasing an additional 16,158 shares during the period. Finally, A.R.T. Advisors LLC bought a new stake in shares of Banco Santander Mexico Sa Instcn De during the first quarter valued at approximately $808,000. Institutional investors own 27.94% 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.

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