How have GBOOY shares performed in 2024?

Grupo Financiero Banorte's stock was trading at $50.21 at the start of the year. Since then, GBOOY shares have increased by 0.8% and is now trading at $50.59. View the best growth stocks for 2024 here .

Are investors shorting Grupo Financiero Banorte?

Grupo Financiero Banorte saw a decline in short interest in March. As of March 31st, there was short interest totaling 700 shares, a decline of 50.0% from the March 15th total of 1,400 shares. Based on an average daily volume of 41,600 shares, the days-to-cover ratio is currently 0.0 days. View Grupo Financiero Banorte's Short Interest .

How were Grupo Financiero Banorte's earnings last quarter?

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) issued its earnings results on Thursday, January, 22nd. The company reported $0.47 EPS for the quarter, missing analysts' consensus estimates of $0.60 by $0.13. The firm earned $1.10 billion during the quarter.

How often does Grupo Financiero Banorte pay dividends? What is the dividend yield for Grupo Financiero Banorte?

Grupo Financiero Banorte announced a dividend on Wednesday, October 11th. Stockholders of record on Friday, October 20th will be paid a dividend of $1.3455 per share on Thursday, October 26th. The ex-dividend date is Thursday, October 19th. Read our dividend analysis for GBOOY .

Is Grupo Financiero Banorte a good dividend stock?

Grupo Financiero Banorte (OTCMKTS:GBOOY) pays an annual dividend of $3.31 per share and currently has a dividend yield of 6.40%. GBOOY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Read our dividend analysis for GBOOY .

How do I buy shares of Grupo Financiero Banorte?

Shares of GBOOY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

OTCMKTS:GBOOY

Grupo Financiero Banorte (GBOOY) Stock Price, News & Analysis

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$50.59

+0.74 (+1.48%)

(As of 04/17/2024 ET)

Compare

Today's Range: $50.44
▼
$51.38
50-Day Range: $49.85
▼
$55.01
52-Week Range: $37.50
▼
$56.15

Volume: 42,032 shs
Average Volume: 27,209 shs
Market Capitalization: $29.17 billion

P/E Ratio: N/A
Dividend Yield: 6.54%
Price Target: N/A

Stock Analysis Chart Dividend Headlines Short Interest

Get Grupo Financiero Banorte alerts:

Grupo Financiero Banorte MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.00% of Shares Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.85
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 2.24%
From $5.35 to $5.47 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.98 out of 5 stars

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Grupo Financiero Banorte.

5.0

Short Interest

Percentage of Shares Shorted
0.00% of the outstanding shares of Grupo Financiero Banorte have been sold short.
Short Interest Ratio / Days to Cover
Grupo Financiero Banorte has a short interest ratio ("days to cover") of 0, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Grupo Financiero Banorte has recently decreased by 50.00%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Leadership
Grupo Financiero Banorte is a leading dividend payer. It pays a dividend yield of 6.40%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Grupo Financiero Banorte does not have a long track record of dividend growth.
Dividend Sustainability
Based on earnings estimates, Grupo Financiero Banorte will have a dividend payout ratio of 60.51% next year. This indicates that Grupo Financiero Banorte will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for GBOOY.

2.7

News and Social Media Coverage

News Sentiment
Grupo Financiero Banorte has a news sentiment score of 0.85. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.54 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Grupo Financiero Banorte this week, compared to 0 articles on an average week.
MarketBeat Follows
Only 1 people have added Grupo Financiero Banorte to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Grupo Financiero Banorte insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 0.04% of the stock of Grupo Financiero Banorte is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Grupo Financiero Banorte are expected to grow by 2.24% in the coming year, from $5.35 to $5.47 per share.
Price to Earnings Growth Ratio
Grupo Financiero Banorte has a PEG Ratio of 0.95. PEG Ratios around 1 indicate that a company is correctly valued.

See Top Rated MarketRank™ Stocks Here

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About Grupo Financiero Banorte Stock (OTCMKTS:GBOOY)

Grupo Financiero Banorte, S.A.B. de C.V., through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally. The company accepts checking, current, retirement, and payroll accounts; and provides loans, including mortgage, car, payroll, personal, structured, syndicated, SME loans, and credit cards, as well as letter of credit financing, acquisition funding, and import and export foreign trade financing. It is also involved in investment planning, foreign currency purchase/sale, financial advice, brokerage, asset management, investment banking, letters of credit, bank guarantees, and leasing and factoring activities. In addition, the company sells mutual funds and debt and capital instruments; issues debit cards; and provides insurance services for car, home, life, medical, employee, and SMEs, as well as cash management services for collection, trustees, payroll, and lines of credit. Further, it provides online banking, POS, payment, reconciliation, documentary collection, import bills of exchange discount, International wire transfer, remittances, storage, inventory management, logistics, marketing, and payroll services. The company was founded in 1899 and is based in Mexico City, Mexico.

GBOOY Stock Price History

30 days | 90 days | 365 days | Advanced Chart

GBOOY Stock News Headlines

April 16, 2024 | reuters.com

Mexico's Banorte posts 9% profit climb in Q1 as loan book grows

April 13, 2024 | americanbankingnews.com

Grupo Financiero Banorte (OTCMKTS:GBOOY) Shares Cross Above Fifty Day Moving Average of $52.98

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March 29, 2024 | thestreet.com

Grupo Financiero Banorte - Class O

February 24, 2024 | msn.com

Grupo Financiero Banorte, S.A.B. de C.V. - Depositary Receipt () (GBOOY) Price Target Increased by 9.92% to 55.47

November 4, 2023 | thestreet.com

Grupo Financiero Banorte ADR

September 7, 2023 | msn.com

GBOOY or BAM: Which Is the Better Value Stock Right Now?

August 28, 2023 | finance.yahoo.com

Grupo Financiero Banorte, S.A.B. de C.V. (GBOOF)

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June 23, 2023 | msn.com

GBOOY or BX: Which Is the Better Value Stock Right Now?

June 13, 2023 | forbes.com

Grupo Inbursa

June 1, 2023 | msn.com

GBOOY vs. MCO: Which Stock Should Value Investors Buy Now?

May 16, 2023 | msn.com

GBOOY or MCO: Which Is the Better Value Stock Right Now?

May 9, 2023 | morningstar.com

Grupo Financiero Banorte SAB de CV Class O

May 7, 2023 | msn.com

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May 6, 2023 | msn.com

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March 21, 2023 | nasdaq.com

GBOOY vs. RPRX: Which Stock Is the Better Value Option?

March 7, 2023 | finance.yahoo.com

Grupo Financiero Banorte SAB de CV (GBOOY) Upgraded to Strong Buy: What Does It Mean for the Stock?

February 19, 2023 | seekingalpha.com

Grupo Financiero Banorte: Poised For More Outperformance

February 18, 2023 | seekingalpha.com

GBOOY Grupo Financiero Banorte, S.A.B. de C.V.

January 21, 2023 | morningstar.com

Grupo Financiero Banorte SAB de CV ADR

January 10, 2023 | finance.yahoo.com

Here's Why 'Trend' Investors Would Love Betting on Grupo Financiero Banorte SAB de CV (GBOOY)

November 11, 2022 | msn.com

Grupo Financiero Banorte SAB de CV (GBOOY) is on the Move, Here's Why the Trend Could be Sustainable

October 26, 2022 | finance.yahoo.com

Grupo Financiero Banorte SAB de CV (GBOOY) Is a Great Choice for "Trend" Investors, Here's Why

See More Headlines

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Company Calendar

Last Earnings: 1/22/2015
Today: 4/17/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Sector: Finance
Industry: Commercial banks, not elsewhere classified
Sub-Industry: N/A
Current Symbol: OTCMKTS:GBOOY
Previous Symbol: NASDAQ:GBOOY
CUSIP: N/A
CIK: N/A
Web: www.banorte.com
Phone: 525511034000
Fax: N/A
Employees: 32,705
Year Founded: 1899

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: 9.46
P/E Growth: 0.95
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: $7.68 billion
Price / Sales: 3.80
Cash Flow: $3.15 per share
Price / Cash Flow: 16.05
Book Value: N/A
Price / Book: N/A

Miscellaneous

Outstanding Shares: 576,690,000
Free Float: N/A
Market Cap: $29.17 billion
Optionable: Not Optionable
Beta: 1.17

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Key Executives

Mr. Jose Marcos Ramirez Miguel (Age 60)
CEO & Proprietary Board Member
Engineer Rafael Victorio Arana de la Garza (Age 73)
Chief Financial & Operational Officer
Ms. Mayra Nelly Lopez Lopez
Executive Director of Accounting
Mr. Arturo Monroy Ballesteros (Age 50)
Head of Investment Banking & Structured Finance
Mr. Javier Beltran Cantu (Age 55)
Chief Administrator & Human Relations Officer
Mr. Tomas Lozano Derbez
Head of Corporate Development, Investor Relations, Financial Intelligence, M&A and Sustainability
Mr. Hector Martín Avila Flores (Age 56)
Chief Legal Officer & Secretary of the Board
Mr. Fernando Solís Cámara y Jiménez Canet J.C.
Deputy Managing Director of Communication & Public Affairs
Ms. Carla Juan Chelala (Age 54)
Deputy Managing Director of Marketing
Mr. Carlos Eduardo Martinez Gonzalez (Age 60)
Managing Director of Government Banking

Key Competitors

View All Competitors

Should I Buy Grupo Financiero Banorte Stock? GBOOY Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Grupo Financiero Banorte, S.A.B. de C.V.:

Grupo Financiero Banorte recently joined the Safe and Healthy Work Environments program by IMSS, showcasing a commitment to employee well-being and potentially improving productivity.
The company offers a wide range of banking and financial products and services, including loans, credit cards, investment planning, asset management, and insurance services, providing diversified revenue streams.
Grupo Financiero Banorte has a long-standing history since its founding in 1899, indicating stability and experience in the financial sector.
The stock price of Grupo Financiero Banorte (symbol: GBOOY) has shown resilience and potential growth in recent periods, making it an attractive investment opportunity.
The company's involvement in various financial activities such as investment banking, leasing, and factoring activities can lead to enhanced profitability and shareholder value.

Cons

Investors should be bearish about investing in Grupo Financiero Banorte, S.A.B. de C.V. for these reasons:

The commercial banking industry, where Grupo Financiero Banorte operates, can be highly competitive, leading to margin pressures and potential challenges in market share growth.
Economic fluctuations, regulatory changes, or geopolitical events could impact the financial performance of Grupo Financiero Banorte, introducing risks to investors.
While the company offers a diverse range of services, overreliance on any particular segment could expose it to sector-specific risks and vulnerabilities.
Investing in Grupo Financiero Banorte involves exposure to the Mexican and international financial markets, subjecting investors to currency exchange rate fluctuations and geopolitical uncertainties.
External factors such as interest rate changes or global economic conditions may influence the profitability and stability of Grupo Financiero Banorte, affecting investor returns.

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these Grupo Financiero Banorte pros and cons to contact@marketbeat.com.

GBOOY Stock Analysis - Frequently Asked Questions

How have GBOOY shares performed in 2024?: Grupo Financiero Banorte's stock was trading at $50.21 at the start of the year. Since then, GBOOY shares have increased by 0.8% and is now trading at $50.59.
View the best growth stocks for 2024 here.
Are investors shorting Grupo Financiero Banorte?: Grupo Financiero Banorte saw a decline in short interest in March. As of March 31st, there was short interest totaling 700 shares, a decline of 50.0% from the March 15th total of 1,400 shares. Based on an average daily volume of 41,600 shares, the days-to-cover ratio is currently 0.0 days.
View Grupo Financiero Banorte's Short Interest.
How were Grupo Financiero Banorte's earnings last quarter?: Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) issued its earnings results on Thursday, January, 22nd. The company reported $0.47 EPS for the quarter, missing analysts' consensus estimates of $0.60 by $0.13. The firm earned $1.10 billion during the quarter.
How often does Grupo Financiero Banorte pay dividends? What is the dividend yield for Grupo Financiero Banorte?: Grupo Financiero Banorte announced a dividend on Wednesday, October 11th. Stockholders of record on Friday, October 20th will be paid a dividend of $1.3455 per share on Thursday, October 26th. The ex-dividend date is Thursday, October 19th.
Read our dividend analysis for GBOOY.

Is Grupo Financiero Banorte a good dividend stock?: Grupo Financiero Banorte (OTCMKTS:GBOOY) pays an annual dividend of $3.31 per share and currently has a dividend yield of 6.40%. GBOOY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for GBOOY.
How do I buy shares of Grupo Financiero Banorte?: Shares of GBOOY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (OTCMKTS:GBOOY) was last updated on 4/17/2024 by MarketBeat.com Staff

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