Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX) Receives New Coverage from Analysts at StockNews.com

Posted by on Jun 25th, 2023

Stock analysts at StockNews.com initiated coverage on shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX – Get Rating) in a research report issued to clients and investors on Sunday. The brokerage set a “strong-buy” rating on the bank’s stock.

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México Price Performance

Shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México stock opened at $5.46 on Friday. The stock has a market capitalization of $7.41 billion, a price-to-earnings ratio of 5.06 and a beta of 1.08. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.95 and a current ratio of 0.95. The company has a fifty day moving average of $5.62 and a 200-day moving average of $6.12. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México has a 52-week low of $4.52 and a 52-week high of $7.11.

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX – Get Rating) last issued its quarterly earnings data on Wednesday, April 26th. The bank reported $0.30 EPS for the quarter. The business had revenue of $1.36 billion during the quarter. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México had a net margin of 16.88% and a return on equity of 17.73%.

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 modified their holdings of the stock. JPMorgan Chase & Co. lifted its stake in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México by 103.9% in the fourth quarter. JPMorgan Chase & Co. now owns 1,700,812 shares of the bank’s stock worth $10,256,000 after acquiring an additional 866,679 shares during the period. Eqis Capital Management Inc. purchased a new stake in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México in the 4th quarter worth approximately $1,231,000. Trium Capital LLP purchased a new stake in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México in the 1st quarter worth approximately $256,000. Millennium Management LLC purchased a new position in shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México during the 4th quarter valued at approximately $134,000. Finally, Virtu Financial LLC purchased a new position in shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México during the 1st quarter valued at approximately $78,000. Institutional investors own 10.40% of the company’s stock.

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

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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.

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