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

5 Wall Street 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 year. There are currently 1 sell rating and 4 hold ratings for the stock. The consensus among Wall Street 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.
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5 equities research analysts 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 $7.50. On average, they anticipate the company's stock price to reach $6.88 in the next twelve months. This suggests a possible upside of 31.5% from the stock's current price.
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Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México's stock was trading at $5.64 at the beginning of the year. Since then, BSMX stock has decreased by 7.3% and is now trading at $5.23.
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Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 7,500 shares, an increase of 87.5% from the July 15th total of 4,000 shares. Based on an average daily volume of 20,300 shares, the days-to-cover ratio is currently 0.4 days.
View Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our BSMX earnings forecast.

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX) released its quarterly earnings results on Thursday, July, 28th. The bank reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.03. The bank had revenue of $1.08 billion for the quarter. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México had a trailing twelve-month return on equity of 13.44% and a net margin of 16.26%.

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX) pays an annual dividend of $0.61 per share and currently has a dividend yield of 11.89%. BSMX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 76.25%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, BSMX will have a dividend payout ratio of 112.96% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for BSMX.

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).

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."

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México's stock is owned by many different institutional and retail investors. Top institutional shareholders include Franklin Resources Inc. (1.21%), JPMorgan Chase & Co. (0.06%), Envestnet Asset Management Inc. (0.00%), Cerity Partners LLC (0.00%) and Concourse Financial Group Securities Inc. (0.00%).

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.
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One share of BSMX stock can currently be purchased for approximately $5.23.

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX) has a market capitalization of $7.10 billion and generates $6.33 billion in revenue each year. The bank earns $1.03 billion in net income (profit) each year or $0.80 on an earnings per share basis.

The company employs 23,974 workers across the globe.

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.