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

2 Wall Street 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 1 hold rating for the stock. The consensus among Wall Street 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.

2 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 $6.00. On average, they predict the company's stock price to reach $6.00 in the next year. This suggests that the stock has a possible downside of 10.7%.
View analysts price targets for BSMX or view top-rated stocks among Wall Street analysts.

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México's stock was trading at $6.03 at the start of the year. Since then, BSMX stock has increased by 11.4% and is now trading at $6.72.
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Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México saw a drop in short interest in March. As of March 15th, there was short interest totaling 24,700 shares, a drop of 36.3% from the February 28th total of 38,800 shares. Based on an average daily volume of 165,400 shares, the days-to-cover ratio is presently 0.1 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, April 27th 2023.
View our BSMX earnings forecast.

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX) issued its earnings results on Thursday, February, 2nd. The bank reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.02. The bank had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.18 billion. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México had a trailing twelve-month return on equity of 16.42% and a net margin of 16.83%.

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 8.41%. BSMX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 57.29%. This payout ratio is at a healthy, sustainable level, below 75%.
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 investors include Franklin Resources Inc. (1.21%), Macquarie Group Ltd. (0.76%), JPMorgan Chase & Co. (0.13%), Eqis Capital Management Inc. (0.02%), Susquehanna International Group LLP (0.00%) and Cowen Investment Management LLC (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 $6.72.

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX) has a market capitalization of $9.12 billion and generates $7.65 billion in revenue each year. The bank earns $1.20 billion in net income (profit) each year or $0.96 on an earnings per share basis.

The company employs 25,990 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.