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

Banco Santander Mexico Sa Instcn De (NYSE:BSMX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, 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 firms also recently commented on BSMX. JPMorgan Chase & Co. raised Banco Santander Mexico Sa Instcn De from a “neutral” rating to an “overweight” rating in a report on Wednesday, December 18th. ValuEngine raised Banco Santander Mexico Sa Instcn De from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 24th. Finally, Credit Suisse Group raised Banco Santander Mexico Sa Instcn De from a “neutral” rating to an “outperform” rating in a report on Monday, October 7th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $7.45.

Banco Santander Mexico Sa Instcn De stock traded down $0.06 during mid-day trading on Tuesday, hitting $6.92. The company had a trading volume of 413,690 shares, compared to its average volume of 508,399. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.84. The stock’s 50 day moving average price is $6.71 and its two-hundred day moving average price is $6.80. Banco Santander Mexico Sa Instcn De has a 12 month low of $6.05 and a 12 month high of $8.74. The company has a market capitalization of $9.41 billion, a PE ratio of 9.23, a price-to-earnings-growth ratio of 1.99 and a beta of 1.38.

Banco Santander Mexico Sa Instcn De (NYSE:BSMX) last released its earnings results on Thursday, October 31st. The bank reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.01. Banco Santander Mexico Sa Instcn De had a return on equity of 15.77% and a net margin of 14.85%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. Equities research analysts anticipate that Banco Santander Mexico Sa Instcn De will post 0.81 EPS for the current year.

Several large investors have recently added to or reduced their stakes in BSMX. Simplex Trading LLC purchased a new stake in shares of Banco Santander Mexico Sa Instcn De during the third quarter worth about $27,000. NumerixS Investment Technologies Inc purchased a new stake in shares of Banco Santander Mexico Sa Instcn De during the second quarter worth about $77,000. Walleye Trading LLC purchased a new stake in shares of Banco Santander Mexico Sa Instcn De during the second quarter worth about $124,000. Susquehanna International Group LLP grew its position in shares of Banco Santander Mexico Sa Instcn De by 18.6% during the second quarter. Susquehanna International Group LLP now owns 16,366 shares of the bank’s stock worth $125,000 after purchasing an additional 2,566 shares in the last quarter. Finally, Man Group plc purchased a new stake in shares of Banco Santander Mexico Sa Instcn De during the second quarter worth about $301,000. Hedge funds and other institutional investors own 3.52% of the company’s stock.

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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