Zacks Investment Research upgraded shares of Banco Santander Mexico Sa Instcn De (NYSE:BSMX) from a sell rating to a hold rating in a research note published 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. “

A number of other equities research analysts have also recently commented on BSMX. ValuEngine upgraded Banco Santander Mexico Sa Instcn De from a sell rating to a hold rating in a research note on Wednesday, April 10th. Morgan Stanley cut Banco Santander Mexico Sa Instcn De from an overweight rating to an underweight rating in a research note on Friday, March 8th. Finally, JPMorgan Chase & Co. reiterated a neutral rating and set a $7.40 target price (down from $8.40) on shares of Banco Santander Mexico Sa Instcn De in a research note on Thursday, February 7th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Banco Santander Mexico Sa Instcn De has a consensus rating of Hold and a consensus target price of $7.20.

Shares of NYSE:BSMX opened at $7.98 on Tuesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.00 and a current ratio of 1.00. Banco Santander Mexico Sa Instcn De has a 1-year low of $5.68 and a 1-year high of $8.81.

Banco Santander Mexico Sa Instcn De (NYSE:BSMX) last released its earnings results on Tuesday, April 30th. The bank reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.01. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Banco Santander Mexico Sa Instcn De had a return on equity of 15.98% and a net margin of 14.87%. Analysts forecast that Banco Santander Mexico Sa Instcn De will post 0.73 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. NumerixS Investment Technologies Inc purchased a new stake in Banco Santander Mexico Sa Instcn De in the 4th quarter worth about $38,000. Advisors Asset Management Inc. increased its holdings in Banco Santander Mexico Sa Instcn De by 56.1% in the 4th quarter. Advisors Asset Management Inc. now owns 6,559 shares of the bank’s stock worth $40,000 after acquiring an additional 2,358 shares during the last quarter. Wetherby Asset Management Inc. purchased a new stake in Banco Santander Mexico Sa Instcn De in the 4th quarter worth about $63,000. One Wealth Advisors LLC increased its holdings in Banco Santander Mexico Sa Instcn De by 393.4% in the 4th quarter. One Wealth Advisors LLC now owns 15,430 shares of the bank’s stock worth $95,000 after acquiring an additional 12,303 shares during the last quarter. Finally, LPL Financial LLC purchased a new stake in Banco Santander Mexico Sa Instcn De in the 4th quarter worth about $100,000.

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.

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