Analysts Set Grupo Financiero Santander Serfin S.A. de C.V. (BSMX) PT at $10.60

Shares of Grupo Financiero Santander Serfin S.A. de C.V. (NYSE:BSMX) have been assigned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $10.60.

Several analysts have recently commented on BSMX shares. Zacks Investment Research downgraded Grupo Financiero Santander Serfin from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. ValuEngine downgraded Grupo Financiero Santander Serfin from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Credit Suisse Group downgraded Grupo Financiero Santander Serfin from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 16th.

How to Become a New Pot Stock Millionaire

NYSE:BSMX traded up $0.05 on Tuesday, hitting $7.17. The stock had a trading volume of 433,467 shares, compared to its average volume of 1,170,096. The firm has a market cap of $4,763.87, a P/E ratio of 10.39, a PEG ratio of 7.16 and a beta of 1.47. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.01 and a current ratio of 1.01. Grupo Financiero Santander Serfin has a 52 week low of $6.68 and a 52 week high of $10.82.

Grupo Financiero Santander Serfin (NYSE:BSMX) last announced its quarterly earnings results on Wednesday, January 31st. The bank reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.01). The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.05 billion. Grupo Financiero Santander Serfin had a return on equity of 15.15% and a net margin of 16.88%. equities analysts forecast that Grupo Financiero Santander Serfin will post 0.71 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Ariel Investments LLC boosted its holdings in shares of Grupo Financiero Santander Serfin by 8.4% in the fourth quarter. Ariel Investments LLC now owns 746,773 shares of the bank’s stock worth $5,459,000 after acquiring an additional 57,823 shares during the period. Schroder Investment Management Group bought a new stake in Grupo Financiero Santander Serfin during the fourth quarter valued at $30,272,000. Visionary Asset Management Inc. bought a new stake in Grupo Financiero Santander Serfin during the third quarter valued at $114,000. Jane Street Group LLC bought a new stake in Grupo Financiero Santander Serfin during the third quarter valued at $454,000. Finally, Nomura Asset Management Co. Ltd. bought a new stake in Grupo Financiero Santander Serfin during the third quarter valued at $229,000. 26.67% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: “Analysts Set Grupo Financiero Santander Serfin S.A. de C.V. (BSMX) PT at $10.60” was first reported by WKRB News and is the sole property of of WKRB News. If you are reading this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright law. The original version of this story can be read at https://www.wkrb13.com/2018/04/01/analysts-set-grupo-financiero-santander-serfin-s-a-de-c-v-bsmx-pt-at-10-60.html.

About Grupo Financiero Santander Serfin

Banco Santander (México) SA, Institución de Banca Múltiple, Grupo Financiero Santander, together with its subsidiaries, provides banking products and services in Mexico and internationally. The company operates through two segments, Commercial Bank and Global Corporate Bank. It offers long and short-term deposits; savings and current accounts; personal, education, mortgage, and syndicated loans; and acquisition and project finance, financial lease, and structured credit, as well as loans for agribusiness.

Analyst Recommendations for Grupo Financiero Santander Serfin (NYSE:BSMX)

Receive News & Ratings for Grupo Financiero Santander Serfin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Financiero Santander Serfin and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply