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NYSE:BSMX

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México - BSMX Stock Forecast, Price & News

$5.98
-0.13 (-2.13%)
(As of 11/28/2022 03:24 PM ET)
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Today's Range
$5.98
$6.12
50-Day Range
$4.87
$6.21
52-Week Range
$4.52
$6.29
Volume
704 shs
Average Volume
29,752 shs
Market Capitalization
$8.12 billion
P/E Ratio
6.50
Dividend Yield
9.00%
Price Target
$6.50

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México MarketRank™ Forecast

Analyst Rating
Hold
1.75 Rating Score
Upside/​Downside
8.3% Upside
$6.50 Price Target
Short Interest
Healthy
0.00% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.00mentions of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.55%
From $0.88 to $0.92 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.75 out of 5 stars

Finance Sector

687th out of 894 stocks

Commercial Banks, Not Elsewhere Classified Industry

35th out of 36 stocks

BSMX stock logo

About Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX) Stock

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México provides various banking products and services in Mexico. The company operates through Retail Banking and Corporate and Investment Banking segments. It offers various deposit products, such as current accounts, savings accounts, and time deposits, as well as certificates of interbank deposits; and payroll loans, personal loans, credit cards, mortgages, and insurance brokerage services. The company also provides cash management, working capital solutions, and trade finance; structured credit and debt products, project finance, and asset based finance; financial and strategic advisory services for mergers and acquisition; solutions and services for investing and hedging; and Internet and mobile banking services. It serves individuals, private banking clients, small and medium-sized enterprises, middle-market corporations, government institutions, and corporate and institutional customers. As of December 31, 2021, it operated through a network of 1,346 offices; 9,498 ATMs; and 2,540 contact center positions. The company was formerly known as Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander and changed its name to Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México in September 2012. The company was incorporated in 1932 and is headquartered in Mexico City, Mexico. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México is a subsidiary of Grupo Financiero Santander México, S.A. de C.V.

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BSMX Stock News Headlines

Banco Santander, S.A. (SAN.MC)
BSMX or NRDBY: Which Is the Better Value Stock Right Now?
Best Income Stocks to Buy for August 15th
Upcoming Dividend Run For BSMX?
See More Headlines
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BSMX Company Calendar

Last Earnings
4/28/2021
Today
11/28/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/02/2023

Industry, Sector and Symbol

Industry
Commercial banks, not elsewhere classified
Sub-Industry
N/A
Sector
Finance
Employees
23,974
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$6.50
High Stock Price Forecast
$7.00
Low Stock Price Forecast
$6.00
Forecasted Upside/Downside
+8.7%
Consensus Rating
Hold
Rating Score (0-4)
1.75
Research Coverage
4 Analysts

Profitability

Net Income
$1.03 billion
Pretax Margin
25.30%

Debt

Sales & Book Value

Annual Sales
$6.33 billion
Cash Flow
$0.87 per share
Book Value
$5.94 per share

Miscellaneous

Outstanding Shares
1,357,399,000
Free Float
1,356,313,000
Market Cap
$8.12 billion
Optionable
Optionable
Beta
1.15

Key Executives

  • Mr. Felipe Francisco García Asencio
    CEO and Deputy Gen. Director of Corp. & Investment Banking
  • Mr. Hector Blas Grisi Checa (Age 55)
    Exec. Pres, Gen. Director & Director
  • Mr. Didier Mena Campos
    VP of Admin. and Fin., CFO & Director
  • Mr. Oscar Jose Hernando Moliner
    Exec. Director of Operations & Processes
  • Daniel Concepcion Perez
    Chief Technology Officer of Mexico
  • Mr. Hector Chavez Lopez
    Exec. Director of Investor Relations & MD of IRO
  • Lic. Fernando Borja Mujica
    Dep. Gen. Director of Legal, Compliance Director & Sec. of the Board
  • Mr. Rodrigo Brand de Lara
    Deputy Gen. Director of Research, Strategy, Public Affairs & Chief of Staff of CEO
  • Ms. Ana Felisa Lopez Escobar
    Head of HR
  • Mr. Emilio de Eusebio Saiz
    Deputy Gen. Director of Intervention & Control Management and Director













BSMX Stock - Frequently Asked Questions

Should I buy or sell Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México in the last twelve months. There are currently 1 sell rating and 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BSMX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BSMX, but not buy additional shares or sell existing shares.
View BSMX analyst ratings
or view top-rated stocks.

What is Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México's stock price forecast for 2023?

4 brokers have issued 1-year target prices for Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México's shares. Their BSMX share price forecasts range from $6.00 to $7.00. On average, they predict the company's stock price to reach $6.50 in the next year. This suggests a possible upside of 6.4% from the stock's current price.
View analysts price targets for BSMX
or view top-rated stocks among Wall Street analysts.

How have BSMX shares performed in 2022?

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México's stock was trading at $5.64 on January 1st, 2022. Since then, BSMX shares have increased by 8.3% and is now trading at $6.11.
View the best growth stocks for 2022 here
.

Are investors shorting Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México?

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México saw a drop in short interest in October. As of October 31st, there was short interest totaling 6,300 shares, a drop of 63.4% from the October 15th total of 17,200 shares. Based on an average daily trading volume, of 35,300 shares, the days-to-cover ratio is presently 0.2 days.
View Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México's Short Interest
.

When is Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
View our BSMX earnings forecast
.

How were Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México's earnings last quarter?

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX) issued its earnings results on Wednesday, April, 28th. The bank reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.05. The bank earned $1.04 billion during the quarter. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México had a trailing twelve-month return on equity of 15.63% and a net margin of 17.63%.
Read the conference call transcript
.

Is Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México a good dividend stock?

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX) pays an annual dividend of $0.55 per share and currently has a dividend yield of 9.00%. BSMX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 59.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BSMX will have a dividend payout ratio of 59.78% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BSMX.

What other stocks do shareholders of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México investors own include Energy Transfer (ET), AT&T (T), ARMOUR Residential REIT (ARR), Huntington Bancshares (HBAN), Altria Group (MO), New Residential Investment (NRZ), Two Harbors Investment (TWO), Alcoa (AA), Carnival Co. & (CCL) and Chimera Investment (CIM).

What is Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México's stock symbol?

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México trades on the New York Stock Exchange (NYSE) under the ticker symbol "BSMX."

Who are Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México's major shareholders?

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Macquarie Group Ltd. (0.77%), Philadelphia Financial Management of San Francisco LLC (0.06%), Citadel Advisors LLC (0.00%) and Envestnet Asset Management Inc. (0.00%).

How do I buy shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México?

Shares of BSMX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México's stock price today?

One share of BSMX stock can currently be purchased for approximately $6.11.

How much money does Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México make?

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX) has a market capitalization of $8.29 billion and generates $6.33 billion in revenue each year. The bank earns $1.03 billion in net income (profit) each year or $0.92 on an earnings per share basis.

How many employees does Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México have?

The company employs 23,974 workers across the globe.

How can I contact Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México?

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México's mailing address is Avenida Prolongacion Paseo de la Reforma 500 Colonia Lomas de Santa Fe Delegacion Alvaro Obregon, Mexico City O5, 1219. The official website for the company is www.santander.com.mx. The bank can be reached via phone at 525552578000, via email at investor@santander.com, or via fax at 52-55-5269-2701.

This page (NYSE:BSMX) was last updated on 11/28/2022 by MarketBeat.com Staff