Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Shares Cross Above 50-Day Moving Average - Should You Sell?

Key Points

• Grupo Financiero Banorte SAB de CV's stock price rose above its 50-day moving average of $45.07, closing at $45.77 with a trading volume of 13,216 shares.
• The company increased its dividend to $2.1897 from $0.86, reflecting a yield of 12.07% and a payout ratio of 55.82%.
• In its latest earnings report, Grupo Financiero Banorte posted $1.33 EPS, missing estimates, and revealed a net margin of 13.01% on revenues of $2.01 billion.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY - Get Free Report) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $45.07 and traded as high as $45.77. Grupo Financiero Banorte SAB de CV shares last traded at $45.77, with a volume of 13,216 shares.

Grupo Financiero Banorte SAB de CV Trading Down 0.8%

The firm has a market cap of $24.44 billion, a PE ratio of 8.17, a PEG ratio of 0.95 and a beta of 0.71. 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 stock's fifty day simple moving average is $45.04 and its two-hundred day simple moving average is $40.19.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The company reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.02). The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $40.02 billion. Grupo Financiero Banorte SAB de CV had a return on equity of 21.04% and a net margin of 13.01%. On average, sell-side analysts forecast that Grupo Financiero Banorte SAB de CV will post 4.84 EPS 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. Stockholders of record on Tuesday, May 6th were paid a $2.1897 dividend. This represents a dividend yield of 12.07%. The ex-dividend date of this dividend was Monday, May 5th. This is an increase from Grupo Financiero Banorte SAB de CV's previous dividend of $0.86. Grupo Financiero Banorte SAB de CV's dividend payout ratio is currently 56.77%.

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.