Zacks: Brokerages Expect Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX) to Announce $0.17 Earnings Per Share

Wall Street analysts expect Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMXGet Rating) to post earnings per share (EPS) of $0.17 for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México’s earnings. The lowest EPS estimate is $0.16 and the highest is $0.17. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México reported earnings of $0.12 per share in the same quarter last year, which would indicate a positive year over year growth rate of 41.7%. The firm is expected to report its next earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México will report full-year earnings of $0.72 per share for the current year, with EPS estimates ranging from $0.68 to $0.76. For the next financial year, analysts anticipate that the business will report earnings of $0.75 per share, with EPS estimates ranging from $0.72 to $0.78. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México.

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMXGet Rating) last released its quarterly earnings data on Thursday, February 3rd. The bank reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. The business had revenue of $1.11 billion during the quarter. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México had a net margin of 14.29% and a return on equity of 11.09%.

A number of research firms recently issued reports on BSMX. StockNews.com assumed coverage on shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Citigroup began coverage on Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México in a research report on Friday, January 21st. They set a “neutral” rating on the stock. Zacks Investment Research upgraded Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México from a “sell” rating to a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. lowered Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México from an “overweight” rating to a “neutral” rating and set a $6.00 price target on the stock. in a report on Wednesday, March 30th. Finally, The Goldman Sachs Group initiated coverage on shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México in a research note on Friday, January 14th. They set a “neutral” rating and a $7.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $6.80.

Shares of BSMX stock traded up $0.01 on Wednesday, reaching $5.40. The company’s stock had a trading volume of 3,861 shares, compared to its average volume of 32,894. The stock’s fifty day simple moving average is $5.42. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México has a 1 year low of $4.86 and a 1 year high of $6.67. The stock has a market capitalization of $7.33 billion, a P/E ratio of 8.06, a price-to-earnings-growth ratio of 0.77 and a beta of 1.34. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.07 and a quick ratio of 0.07.

Several hedge funds and other institutional investors have recently modified their holdings of BSMX. M&G Investment Management Ltd. boosted its holdings in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México by 12.7% during the 3rd quarter. M&G Investment Management Ltd. now owns 1,410,758 shares of the bank’s stock valued at $8,465,000 after acquiring an additional 158,710 shares during the period. Black Creek Investment Management Inc. increased its stake in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México by 57.6% in the third quarter. Black Creek Investment Management Inc. now owns 260,000 shares of the bank’s stock worth $1,490,000 after purchasing an additional 95,000 shares during the period. Bank of America Corp DE lifted its position in shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México by 97.8% during the second quarter. Bank of America Corp DE now owns 23,881 shares of the bank’s stock worth $149,000 after purchasing an additional 11,808 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México by 12.1% during the fourth quarter. Schroder Investment Management Group now owns 1,225,960 shares of the bank’s stock valued at $1,383,000 after purchasing an additional 132,679 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México by 214.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 68,284 shares of the bank’s stock worth $385,000 after purchasing an additional 46,538 shares during the last quarter.

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México Company Profile (Get Rating)

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 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.

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