Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY - Get Free Report) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 2,400 shares, a growth of 118.2% from the April 30th total of 1,100 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 72,300 shares, the short-interest ratio is presently 0.0 days.
Grupo Financiero Banorte Price Performance
OTCMKTS:GBOOY traded up $0.44 during mid-day trading on Wednesday, hitting $44.90. 26,458 shares of the company's stock traded hands, compared to its average volume of 44,313. The firm has a 50 day moving average of $40.85 and a two-hundred day moving average of $37.21. Grupo Financiero Banorte has a 12 month low of $30.00 and a 12 month high of $47.48.
Grupo Financiero Banorte (OTCMKTS:GBOOY - Get Free Report) last issued 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. Research analysts predict that Grupo Financiero Banorte will post 4.84 earnings per share for the current year.
Grupo Financiero Banorte Increases Dividend
The business also recently declared a dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, May 6th were issued a $2.1897 dividend. The ex-dividend date of this dividend was Monday, May 5th. This is an increase from Grupo Financiero Banorte's previous dividend of $0.86. This represents a yield of 12.07%.
Grupo Financiero Banorte Company Profile
(
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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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