Banco Santander Mexico Sa Instcn De (BSMX) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Banco Santander Mexico Sa Instcn De (NYSE:BSMX) from a strong sell rating to a hold rating in a research note published on Monday.

According to Zacks, “Banco Santander, S.A. Institución de Banca Múltiple provides banking services to commercial and private customers. The company’s products and services consist of securities brokerage, financial advice services, as well as other related investment activities and operations aimed at individuals and small and medium enterprises. Banco Santander, S.A. Institución de Banca Múltiple, formerly known as Grupo Financiero Santander, is based in Mexico. “

BSMX has been the subject of a number of other research reports. ValuEngine upgraded shares of Banco Santander Mexico Sa Instcn De from a strong sell rating to a sell rating in a research report on Tuesday, January 15th. Citigroup downgraded shares of Banco Santander Mexico Sa Instcn De from a buy rating to a neutral rating in a research report on Friday, November 30th. JPMorgan Chase & Co. restated a neutral rating and set a $7.40 price objective (down previously from $8.40) on shares of Banco Santander Mexico Sa Instcn De in a research report on Thursday, February 7th. Credit Suisse Group downgraded shares of Banco Santander Mexico Sa Instcn De from an outperform rating to a neutral rating in a research report on Monday, December 10th. Finally, Scotia Howard Weill downgraded shares of Banco Santander Mexico Sa Instcn De from an outperform rating to a sector perform rating in a research report on Wednesday, November 28th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $7.20.

Shares of Banco Santander Mexico Sa Instcn De stock opened at $6.67 on Monday. The firm has a market cap of $4.39 billion, a price-to-earnings ratio of 8.89, a PEG ratio of 1.24 and a beta of 1.30. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.86. Banco Santander Mexico Sa Instcn De has a one year low of $5.68 and a one year high of $8.81.

Banco Santander Mexico Sa Instcn De (NYSE:BSMX) last announced its quarterly earnings data on Thursday, January 31st. The bank reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Banco Santander Mexico Sa Instcn De had a return on equity of 15.63% and a net margin of 14.95%. On average, equities research analysts forecast that Banco Santander Mexico Sa Instcn De will post 0.75 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Commonwealth Bank of Australia increased its holdings in shares of Banco Santander Mexico Sa Instcn De by 0.5% in the 4th quarter. Commonwealth Bank of Australia now owns 21,035,021 shares of the bank’s stock valued at $129,563,000 after purchasing an additional 99,924 shares in the last quarter. Macquarie Group Ltd. increased its holdings in shares of Banco Santander Mexico Sa Instcn De by 6.6% in the 4th quarter. Macquarie Group Ltd. now owns 9,857,853 shares of the bank’s stock valued at $60,724,000 after purchasing an additional 608,116 shares in the last quarter. Capital World Investors purchased a new position in shares of Banco Santander Mexico Sa Instcn De in the 3rd quarter valued at about $75,660,000. Bank of America Corp DE increased its holdings in shares of Banco Santander Mexico Sa Instcn De by 139.3% in the 4th quarter. Bank of America Corp DE now owns 4,468,205 shares of the bank’s stock valued at $27,524,000 after purchasing an additional 2,601,345 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings in shares of Banco Santander Mexico Sa Instcn De by 11.2% in the 3rd quarter. Schroder Investment Management Group now owns 3,739,000 shares of the bank’s stock valued at $29,015,000 after purchasing an additional 377,700 shares in the last quarter. Institutional investors and hedge funds own 22.00% of the company’s stock.

About Banco Santander Mexico Sa Instcn De

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 Global Corporate 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.

Further Reading: The Discount Rate – What You Need to Know

Get a free copy of the Zacks research report on Banco Santander Mexico Sa Instcn De (BSMX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Banco Santander Mexico Sa Instcn De (NYSE:BSMX)

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