StockNews.com Begins Coverage on Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX)

StockNews.com assumed coverage on shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX – Get Rating) in a report issued on Thursday morning. The brokerage issued a hold rating on the bank’s stock.

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México Trading Down 0.8 %

Shares of BSMX stock opened at $6.40 on Thursday. The stock has a market cap of $8.69 billion, a price-to-earnings ratio of 6.67, a PEG ratio of 0.42 and a beta of 1.08. The stock has a 50-day moving average of $6.45 and a 200-day moving average of $5.96. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.06. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México has a 1-year low of $4.52 and a 1-year high of $6.86.

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The bank reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México had a return on equity of 16.42% and a net margin of 16.83%. On average, equities research analysts forecast that Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México will post 1.03 earnings per share for the current year.

Institutional Investors Weigh In On Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México

Institutional investors and hedge funds have recently made changes to their positions in the business. Virtu Financial LLC bought a new stake in shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México during the 1st quarter valued at about $78,000. Cerity Partners LLC bought a new stake in shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México during the 2nd quarter valued at about $92,000. AlphaStar Capital Management LLC bought a new stake in shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México during the 4th quarter valued at about $119,000. Millennium Management LLC bought a new stake in shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México during the 4th quarter valued at about $134,000. Finally, Eqis Capital Management Inc. bought a new stake in shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México during the 4th quarter valued at about $1,231,000. Institutional investors own 10.91% of the company’s stock.

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México Company Profile

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Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santander Mexico engages in the provision of banking and financial solutions. It operates through the following segments: Retail Banking, Global Corporate and Investment Banking, and Corporate Activities. The Retail Banking segment provides a range of services to individuals, private banking, small and medium enterprises, middle-market corporations, and government institutions.