Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY – Get Rating) was the recipient of a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 400 shares, a decline of 33.3% from the May 15th total of 600 shares. Based on an average daily volume of 46,000 shares, the days-to-cover ratio is currently 0.0 days.
Shares of OTCMKTS:GBOOY traded down $0.68 during trading on Tuesday, hitting $28.66. 206,642 shares of the company were exchanged, compared to its average volume of 20,461. The stock has a market cap of $16.53 billion, a price-to-earnings ratio of 9.23, a P/E/G ratio of 0.57 and a beta of 1.20. Grupo Financiero Banorte has a fifty-two week low of $27.72 and a fifty-two week high of $39.76. The firm has a fifty day moving average price of $33.26 and a two-hundred day moving average price of $33.33. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38.
The firm also recently announced a dividend, which was paid on Friday, June 10th. Investors of record on Thursday, June 2nd were issued a dividend of $1.5109 per share. The ex-dividend date was Wednesday, June 1st. This is a positive change from Grupo Financiero Banorte’s previous dividend of $0.60. This represents a dividend yield of 6%. Grupo Financiero Banorte’s payout ratio is presently 63.52%.
Grupo Financiero Banorte, SAB. de C.V., through its subsidiaries, provides banking and financial products and services in Mexico. The company offers time and demand deposits; car, payroll, consumer, and corporate loans; mortgages; and debit and credit cards. It also provides medical, personal accident, and life insurance products; and retirement fund management services.
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