Banco Santander Mexico Sa Instcn De (BSMX) Shares Gap Down to $7.58

Shares of Banco Santander Mexico Sa Instcn De (NYSE:BSMX) gapped down prior to trading on Friday . The stock had previously closed at $7.91, but opened at $7.58. Banco Santander Mexico Sa Instcn De shares last traded at $7.32, with a volume of 2484529 shares traded.

A number of brokerages have recently issued reports on BSMX. Zacks Investment Research raised Banco Santander Mexico Sa Instcn De from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. ValuEngine raised Banco Santander Mexico Sa Instcn De from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $7.40 price target (down from $8.40) on shares of Banco Santander Mexico Sa Instcn De in a research note on Thursday, February 7th. Finally, Morgan Stanley lowered Banco Santander Mexico Sa Instcn De from an “overweight” rating to an “underweight” rating in a research note on Friday, March 8th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Banco Santander Mexico Sa Instcn De has an average rating of “Hold” and a consensus target price of $7.20.

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 (NYSE:BSMX) last released its quarterly earnings data on Tuesday, April 30th. The bank reported $0.20 earnings per share 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 analyst estimates 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%. As a group, analysts predict that Banco Santander Mexico Sa Instcn De will post 0.74 EPS for the current fiscal year.

The business also recently disclosed a special dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Friday, May 24th will be paid a dividend of $0.187 per share. The ex-dividend date is Thursday, May 23rd. This is a positive change from Banco Santander Mexico Sa Instcn De’s previous special dividend of $0.18. Banco Santander Mexico Sa Instcn De’s payout ratio is 44.00%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Marshall Wace North America L.P. boosted its stake 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 worth $2,607,000 after buying an additional 371,494 shares during the last quarter. Rehmann Capital Advisory Group boosted its stake in Banco Santander Mexico Sa Instcn De by 23.4% during the first quarter. Rehmann Capital Advisory Group now owns 12,629 shares of the bank’s stock worth $85,000 after buying an additional 2,393 shares during the last quarter. Macquarie Group Ltd. boosted its stake in Banco Santander Mexico Sa Instcn De by 14.1% during the first quarter. Macquarie Group Ltd. now owns 11,249,027 shares of the bank’s stock worth $76,156,000 after buying an additional 1,391,174 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Banco Santander Mexico Sa Instcn De by 44.3% during the first quarter. Advisors Asset Management Inc. now owns 9,467 shares of the bank’s stock worth $64,000 after buying an additional 2,908 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Banco Santander Mexico Sa Instcn De by 38.5% during the first quarter. Northern Trust Corp now owns 835,679 shares of the bank’s stock worth $5,657,000 after buying an additional 232,184 shares during the last quarter.

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About Banco Santander Mexico Sa Instcn De (NYSE:BSMX)

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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