Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY - Get Free Report) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $40.50 and traded as high as $45.24. Grupo Financiero Banorte shares last traded at $44.78, with a volume of 14,235 shares.
Grupo Financiero Banorte Stock Performance
The company has a fifty day moving average of $40.67 and a two-hundred day moving average of $37.16.
Grupo Financiero Banorte (OTCMKTS:GBOOY - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.32 EPS for the quarter, missing analysts' consensus estimates of $26.79 by ($25.47). The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $40.28 billion. Analysts predict 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. Investors of record on Tuesday, May 6th were given a dividend of $2.1897 per share. This is a positive change from Grupo Financiero Banorte's previous dividend of $0.86. The ex-dividend date was Monday, May 5th. This represents a dividend yield of 12.07%.
About Grupo Financiero Banorte
(
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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.
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