Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) Sees Large Growth in Short Interest

Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 7,748,987 shares, an increase of 49.7% from the November 30th total of 5,177,003 shares. Based on an average daily trading volume, of 2,628,125 shares, the short-interest ratio is presently 2.9 days.

Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) opened at $7.69 on Tuesday. Grupo Financiero Santander Mexico S.A. B. de C.V. has a 1-year low of $6.89 and a 1-year high of $10.82. The company has a market cap of $5,109.37, a price-to-earnings ratio of 11.31, a P/E/G ratio of 1.43 and a beta of 1.36. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.87.

Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) last announced its earnings results on Thursday, October 26th. The bank reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.01). Grupo Financiero Santander Mexico S.A. B. de C.V. had a return on equity of 15.27% and a net margin of 17.80%. analysts forecast that Grupo Financiero Santander Mexico S.A. B. de C.V. will post 0.74 EPS for the current fiscal year.

The company also recently declared a None dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Tuesday, December 26th were given a dividend of $0.18 per share. This represents a yield of 4.94%. The ex-dividend date was Friday, December 22nd. Grupo Financiero Santander Mexico S.A. B. de C.V.’s dividend payout ratio (DPR) is currently 50.00%.

A number of equities research analysts recently weighed in on BSMX shares. JPMorgan Chase & Co. downgraded shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from an “overweight” rating to a “hold” rating and dropped their price target for the stock from $11.00 to $10.00 in a research note on Wednesday, November 1st. Credit Suisse Group downgraded shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from an “outperform” rating to a “neutral” rating in a research note on Tuesday, September 19th. ValuEngine raised shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research raised shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a “sell” rating to a “hold” rating in a research note on Monday, December 4th. Finally, TheStreet cut shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a “b-” rating to a “c+” rating in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $9.62.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Visionary Asset Management Inc. bought a new stake in Grupo Financiero Santander Mexico S.A. B. de C.V. during the third quarter worth $114,000. Dorsey & Whitney Trust CO LLC bought a new stake in Grupo Financiero Santander Mexico S.A. B. de C.V. during the third quarter worth $119,000. Teacher Retirement System of Texas bought a new stake in Grupo Financiero Santander Mexico S.A. B. de C.V. during the third quarter worth $167,000. Nomura Asset Management Co. Ltd. bought a new stake in Grupo Financiero Santander Mexico S.A. B. de C.V. during the third quarter worth $229,000. Finally, Citadel Advisors LLC bought a new stake in Grupo Financiero Santander Mexico S.A. B. de C.V. during the third quarter worth $404,000. 29.45% of the stock is currently owned by hedge funds and other institutional investors.

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About Grupo Financiero Santander Mexico S.A. B. de C.V.

Grupo Financiero Santander Mexico SAB de CV, formerly Santander Mexico Financial Group SAB de CV or Grupo Financiero Santander SAB de CV, is a Mexico-based financial institution. The Company is primarily engaged in the provision of multiple banking services, securities brokerage, financial advice services, as well as other related investment activities.

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