Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Shares Gap Down - Here's Why

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $46.67, but opened at $45.30. Grupo Financiero Banorte SAB de CV shares last traded at $45.81, with a volume of 7,363 shares.

Grupo Financiero Banorte SAB de CV Price Performance

The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.54. The company has a fifty day simple moving average of $44.95 and a two-hundred day simple moving average of $39.33. The company has a market cap of $24.53 billion, a price-to-earnings ratio of 8.06, a price-to-earnings-growth ratio of 0.94 and a beta of 0.71.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY - Get Free Report) last released its quarterly 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 company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $40.28 billion. Grupo Financiero Banorte SAB de CV had a return on equity of 21.51% and a net margin of 13.21%. On average, equities research analysts anticipate that Grupo Financiero Banorte SAB de CV will post 4.84 earnings per share for the current fiscal year.

Grupo Financiero Banorte SAB de CV Increases Dividend

The company 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. The ex-dividend date of this dividend was Monday, May 5th. This represents a yield of 12.07%. This is a positive change from Grupo Financiero Banorte SAB de CV's previous dividend of $0.86. Grupo Financiero Banorte SAB de CV's dividend payout ratio (DPR) is 55.82%.

Grupo Financiero Banorte SAB de CV Company Profile

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.