Stocks of Banco Santander Mexico SA ADR (NYSE:BSMX) traded higher last session on Wall Street, down -2.21% to $6.64.
According to the data, Banco Santander Mexico SA ADR (NYSE:BSMX) has 7 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $4.74 and a low of $4.74, we find $4.74. Given the previous closing price of $6.79, this indicates a potential downside of -30.19 percent. BSMX stock price is now 4.28% away from the 50-day moving average and 16.90% away from the 200-day moving average. The market capitalization of the company currently stands at $9.07B.
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A total of 4 analysts have issued a hold rating and 1 have given it a buy rating. Brokers who have rated the stock have averaged $4.74 as their price target over the next twelve months.
With the price target maintained at $6, JP Morgan recently Downgraded its rating from Overweight to Neutral for Banco Santander Mexico SA ADR (NYSE: BSMX)., while ‘BofA Securities’ rates the stock as ‘Underperform’.
A total of 17.63% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BSMX stock. A new stake in Banco Santander Mexico SA ADR shares was purchased by EQIS CAPITAL MANAGEMENT, INC. during the first quarter worth $1,355,000. MILLENNIUM MANAGEMENT LLC invested $147,000 in shares of BSMX during the first quarter. In the first quarter, ALPHASTAR CAPITAL MANAGEMENT, LLC acquired a new stake in Banco Santander Mexico SA ADR valued at approximately $131,000. CITADEL ADVISORS LLC acquired a new stake in BSMX for approximately $15,000. WIPFLI FINANCIAL ADVISORS LLC, purchased a new stake in BSMX valued at around $11,000 in the second quarter. In total, there are 44 active investors with 5.95% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $6.79 for Banco Santander Mexico SA ADR (NYSE: BSMX). During the past 12 months, Banco Santander Mexico SA ADR has had a low of $4.52 and a high of $6.86. The fifty day moving average price for BSMX is $6.37 and a two-hundred day moving average price translates $5.68 for the stock.
The latest earnings results from Banco Santander Mexico SA ADR (NYSE: BSMX) was released for Dec, 2022. According to the Banks – Regional Company, earnings per share came in at $0.3, beating analysts’ expectations of $0.22 by 0.08. This compares to $0.28 EPS in the same period last year. The company reported revenue of $2.21 billion for the quarter, compared to $1.35 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 64.34 percent. For the current quarter, analysts expect BSMX to generate $1.27B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/04/2022. Investors who held shares on 08/01/2022 were paid a $0.3210062 dividend. On an annualized basis, this represents a $0.72 dividend and a 10.84% percent yield. There was an ex-dividend date of 07/29/2022 for this dividend.
Banco Santander Mexico SA ADR(BSMX) Company Profile
Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México provides various banking products and services in Mexico. The company operates through Retail Banking and Corporate and Investment 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. The company also provides cash management, working capital solutions, and trade finance; structured credit and debt products, project finance, and asset based finance; financial and strategic advisory services for mergers and acquisition; solutions and services for investing and hedging; and Internet and mobile banking services. It serves individuals, private banking clients, small and medium-sized enterprises, middle-market corporations, government institutions, and corporate and institutional customers. The company was formerly known as Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander and changed its name to Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México in September 2012. The company was incorporated in 1932 and is headquartered in Mexico City, Mexico. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México is a subsidiary of Grupo Financiero Santander México, S.A. de C.V.
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