Bank of America reaffirmed their neutral rating on shares of Banco Santander Mexico Sa Instcn De (NYSE:BSMX) in a report issued on Thursday morning, The Fly reports.

Several other brokerages have also recently weighed in on BSMX. Zacks Investment Research raised shares of Banco Santander Mexico Sa Instcn De from a hold rating to a strong-buy rating and set a $7.75 price target for the company in a research report on Wednesday, August 7th. ValuEngine cut shares of Banco Santander Mexico Sa Instcn De from a sell rating to a strong sell rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a strong buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $7.58.

Shares of BSMX traded up $0.11 during mid-day trading on Thursday, hitting $6.52. The company’s stock had a trading volume of 25,229 shares, compared to its average volume of 4,377,542. The company’s 50-day moving average is $6.67 and its 200-day moving average is $7.28. Banco Santander Mexico Sa Instcn De has a 52-week low of $5.68 and a 52-week high of $8.74. The firm has a market capitalization of $8.88 billion, a price-to-earnings ratio of 8.68, a PEG ratio of 0.94 and a beta of 1.37. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.88.

Banco Santander Mexico Sa Instcn De (NYSE:BSMX) last announced its quarterly earnings results on Thursday, July 25th. The bank reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.02. Banco Santander Mexico Sa Instcn De had a net margin of 14.86% and a return on equity of 15.56%. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.05 billion. As a group, sell-side analysts predict that Banco Santander Mexico Sa Instcn De will post 0.78 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Banco Santander Mexico Sa Instcn De during the second quarter valued at approximately $290,000. SG Americas Securities LLC purchased a new stake in Banco Santander Mexico Sa Instcn De during the second quarter valued at approximately $3,122,000. SPX Equities Gestao de Recursos Ltda lifted its position in Banco Santander Mexico Sa Instcn De by 339.9% during the second quarter. SPX Equities Gestao de Recursos Ltda now owns 2,192,774 shares of the bank’s stock valued at $16,775,000 after acquiring an additional 1,694,274 shares during the last quarter. Marshall Wace North America L.P. lifted its position in Banco Santander Mexico Sa Instcn De by 2,736.0% during the first quarter. Marshall Wace North America L.P. now owns 385,072 shares of the bank’s stock valued at $2,607,000 after acquiring an additional 371,494 shares during the last quarter. Finally, Provida Pension Fund Administrator purchased a new stake in Banco Santander Mexico Sa Instcn De during the second quarter valued at approximately $170,000. 10.36% of the stock is owned by institutional investors.

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.

See Also: Net Margin

The Fly

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

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