Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Short Interest Update

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) saw a significant decline in short interest in May. As of May 15th, there was short interest totaling 5,355 shares, a decline of 44.3% from the April 30th total of 9,606 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 70,770 shares, the short-interest ratio is currently 0.1 days.

Grupo Financiero Banorte SAB de CV Price Performance

Shares of Grupo Financiero Banorte SAB de CV stock traded up $0.80 during trading on Tuesday, hitting $52.75. The stock had a trading volume of 102,048 shares, compared to its average volume of 58,119. The firm has a market cap of $29.68 billion, a price-to-earnings ratio of 9.30, a P/E/G ratio of 0.98 and a beta of 0.71. Grupo Financiero Banorte SAB de CV has a 12 month low of $41.70 and a 12 month high of $62.89. The business’s 50-day moving average is $55.26 and its 200 day moving average is $53.12. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.42.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last released its quarterly earnings results on Tuesday, April 21st. The company reported $1.56 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.07). The firm had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.39 billion. Grupo Financiero Banorte SAB de CV had a return on equity of 22.08% and a net margin of 14.23%. As a group, sell-side analysts anticipate that Grupo Financiero Banorte SAB de CV will post 6.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of Grupo Financiero Banorte SAB de CV from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

About Grupo Financiero Banorte SAB de CV

Grupo Financiero Banorte SAB de CV, commonly known as Banorte, is a major Mexican financial services holding company headquartered in Monterrey, Mexico. The group operates a universal banking franchise that serves retail, small and medium-sized enterprises, and large corporate clients across Mexico. Banorte provides a broad suite of banking services through an extensive branch network and digital channels and maintains an international investor presence, including ADRs that trade on the U.S. OTC market under the symbol GBOOY.

Banorte’s core businesses include retail and commercial banking—offering deposit accounts, payment and cash management services, consumer and mortgage loans, credit and debit cards, and lending to corporate clients.