Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY - Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $38.52 and traded as high as $46.67. Grupo Financiero Banorte shares last traded at $46.22, with a volume of 44,994 shares changing hands.
Grupo Financiero Banorte Trading Up 2.6%
The firm has a 50-day simple moving average of $38.70 and a two-hundred day simple moving average of $36.39.
Grupo Financiero Banorte (OTCMKTS:GBOOY - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $1.32 earnings per share for the quarter, missing the consensus estimate of $26.79 by ($25.47). The business had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $40.28 billion. On average, sell-side analysts forecast that Grupo Financiero Banorte, S.A.B. de C.V. will post 4.84 earnings per share for the current fiscal year.
Grupo Financiero Banorte Increases Dividend
The company also recently disclosed a dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, May 6th were given a dividend of $2.1897 per share. This is a boost from Grupo Financiero Banorte's previous dividend of $0.86. The ex-dividend date was Monday, May 5th. This represents a 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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