Grupo Financiero Banorte (OTCMKTS:GBOOY) Hits New 52-Week Low at $27.57

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOYGet Rating) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $27.57 and last traded at $27.79, with a volume of 18755 shares. The stock had previously closed at $28.08.

The company has a 50 day moving average of $32.36 and a 200-day moving average of $33.19. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market cap of $16.03 billion, a price-to-earnings ratio of 9.25, a price-to-earnings-growth ratio of 0.58 and a beta of 1.20.

Grupo Financiero Banorte (OTCMKTS:GBOOYGet Rating) last posted its earnings results on Thursday, April 21st. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.10. Grupo Financiero Banorte had a return on equity of 15.72% and a net margin of 21.35%. The firm had revenue of $1.39 billion for the quarter. On average, research analysts anticipate that Grupo Financiero Banorte, S.A.B. de C.V. will post 3.52 EPS for the current year.

The company also recently announced a dividend, which was paid on Friday, June 10th. Investors of record on Thursday, June 2nd were paid a dividend of $1.5109 per share. This is a positive change from Grupo Financiero Banorte’s previous dividend of $0.60. The ex-dividend date of this dividend was Wednesday, June 1st. This represents a yield of 6%. Grupo Financiero Banorte’s dividend payout ratio is presently 63.52%.

Grupo Financiero Banorte Company Profile (OTCMKTS:GBOOY)

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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