Grupo Financiero Banorte (OTCMKTS:GBOOY) Reaches New 1-Year High - Still a Buy?

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY - Get Free Report)'s share price reached a new 52-week high on Tuesday . The company traded as high as $47.89 and last traded at $45.89, with a volume of 23645 shares. The stock had previously closed at $45.53.

Grupo Financiero Banorte Stock Down 0.9%

The business's fifty day moving average price is $42.33 and its two-hundred day moving average price is $37.76.

Grupo Financiero Banorte (OTCMKTS:GBOOY - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $1.32 earnings per share for the quarter, missing analysts' consensus estimates of $26.79 by ($25.47). The firm had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $40.28 billion. On average, research analysts anticipate that Grupo Financiero Banorte, S.A.B. de C.V. will post 4.84 earnings per share for the current year.

Grupo Financiero Banorte Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, May 15th. Stockholders of record on Tuesday, May 6th were issued a $2.1897 dividend. The ex-dividend date was Monday, May 5th. This is an increase from Grupo Financiero Banorte's previous dividend of $0.86. This represents a dividend yield of 12.07%.

About Grupo Financiero Banorte

Grupo Financiero Banorte, SAB. 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.