Bank stocks are some of the most stable investments available. They also tend to offer relatively small up and downs, making them a solid choice for long-term growth. During an economic downturn, however, these stocks can be some of the worst performers due to concerns about credit availability.
Bank stocks have been among the top-performing sector indexes in the past few years thanks to a combination of factors that favor banks: low-interest rates and a strong economy. That has led to rising loan demand and increased issuance. So knowing what makes bank stocks unique and how you can invest in them is essential.
In other words, no matter what the recent performance of a particular stock or industry is, there are still good reasons to invest in it and wrong reasons to avoid it. We’ll look at several factors you should always consider when analyzing your investments and some specifics related to Bank stocks.
Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México
August saw a sharp decline in short interest for Banco Santander México, S.A., Institución de Banca Mltiple, Grupo Financiero Santander México (NYSE: BSMX). As of August 15th, there were 4,100 shares short, down 45.3% from the 7,500 shares total as of July 31st.
Based on an average trading volume of 22,400 shares, the days-to-cover ratio is currently 0.2 days. BSMX began trading on Friday at $5.31. The debt-to-equity ratio is 0.87, the current ratio is 1.37, and the quick ratio is 1.37. Banco Santander México, S.A., Institución de Banca Mltiple, Grupo Financiero Santander México has a 12-month low of $4.52 and a 12-month high of $6.48.
The company’s market capitalization is $7.21 billion, the P/E ratio is 6.76, the PEG ratio is 0.69, and the beta is 1.16. The stock’s 200-day moving average is $5.31, and its 50-day moving average is $5.16. The figures for the most recent quarter were released by Banco Santander México, S.A., Institución de Banca Mltiple, Grupo Financiero Santander México (NYSE:BSMX) on Thursday, July 28.
The bank reported earnings per share (EPS) of $0.25, $0.03 higher than the $0.22 average forecast for the quarter. The company generated $1.08 billion in revenue for the quarter. With a net margin of 16.26% and a return on equity of 13.44%, Banco Santander México, S.A., Multibank, Grupo Financiero Santander México performed well. Banco Santander México, S.A., Institución de Banca Mltiple, Grupo Financiero Santander México is expected to earn $0.84 per share this year, according to analysts.
Separately, Banco Santander México, S.A., Institución de Banca Mltiple, and Grupo Financiero Santander México shares were downgraded from a “buy” rating to a “hold” by Bloomberg in a research note published on Thursday, May 12. Five analysts have rated the stock as a hold, while one has recommended selling it.
According to data from Bloomberg, the company currently has an average recommendation of “Hold” with a $6.88 price target. Recently, several important investors bought and sold business stocks. For a new interest in Banco Santander México, S.A., Institución de Banca Mltiple, Grupo Financiero Santander México, and Virtu Financial LLC paid $78,000 in the first quarter.
Black Creek Investment Management Inc. increased its stake in Banco Santander México, S.A., Institución de Banca Mltiple, and Grupo Financiero Santander México by 5.8% during the fourth quarter. Black Creek Investment Management Inc. now owns 275,000 shares of the bank’s stock valued at $1,551,000 after acquiring an additional 15,000 shares during the most recent quarter.
During the second quarter, Cerity Partners LLC made a $92,000 investment in Banco Santander México, S.A., Institución de Banca Mltiple, and Grupo Financiero Santander México. The Provida Pension Fund Administrator made a $140,000 investment in Banco Santander México, S.A., Institución de Banca Mltiple, and Grupo Financiero Santander México during the fourth quarter.
Finally, Envestnet Asset Management Inc. increased its ownership of Banco Santander México, S.A., Institución de Banca Mltiple, and Grupo Financiero Santander México by 214.0% during the fourth quarter. After receiving 46,538 additional shares over the last quarter, Envestnet Asset Management Inc. now owns 68,284 shares of the bank’s stock, valued at $385,000.
Numerous banking services and products are provided in Mexico by Banco Santander México, SA, Institución de Banca Mltiple, and Grupo Financiero Santander México. Retail banking and corporate and investment banking are the two divisions in which the company operates.
It offers time deposits, savings accounts, current accounts, certificates of interbank deposits, payroll loans, individual loans, credit cards, mortgages, and insurance brokerage services. It also offers certificates of interbank deposits.
Banco Macro S.A.
The stock analysts at Bloomberg upped their recommendation for Banco Macro (NYSE: BMA), changing it from a “hold” rating to a “buy” rating in a report that was distributed on Saturday. In addition, in a research note published on Monday, June 13th, Banco Macro’s rating at Grupo Santander was upgraded from “hold” to “outperform.” That was a distinct development. BMA began trading at $14.75 on Friday. The lowest price that Banco Macro has been in the past year is $9.72, and the highest price that the company’s stock has been in the past year is $21.20. Although the current ratio, the quick ratio, and the debt-to-equity ratio all equal 0.84, the debt-to-equity ratio are currently at 0.18.
The company is estimated to be worth $943.13 million, with a price-to-earnings ratio of 3.55 and a beta value of 1.43. Recent changes have been made to reflect the most recent holdings of the stock by hedge funds and other types of institutional investors. KBC Group NV invested $75,000 in Banco Macro during the first three months of 2018, establishing a new position in the company’s shares. In addition, JPMorgan Chase & Co. boosted its stake in Banco Macro by 456,000% during the first three months of 2018. JPMorgan Chase & Co. now holds 6,298 shares of the bank’s stock, which are currently valued at $109,000 due to purchasing an additional 5,167 shares during the quarter. That brings the total number of shares owned by the company to 6,298. Renaissance Technologies LLC invested an extra $134,000 in Banco Macro in the second quarter by purchasing new company shares. An amount of $143,000 was paid out by Virtu Financial LLC during the second quarter to acquire a new investment in Banco Macro.
During the first three months of 2018, the investment bank UBS Group AG boosted the amount of Banco Macro stock owned by 3,316.4%. As a result of the acquisition of an additional 11,939 shares over the period in question, UBS Group AG now has a total holding of 12,299 shares of the bank’s stock, which are currently valued at a total of $213,000. In addition, 6.75 percent of the company’s shares are held by various institutional investors, including hedge funds. Due to the extensive range of products and services it offers, Banco Macro SA can fulfill the requirements of customers in Argentina, whether they are individuals or businesses.
Bank of Hawaii Corporation
The equity research analysts at Bloomberg revised their recommendation for Bank of Hawaii (NYSE: BOH) from a “hold” rating to a “sell” rating in a research note that was published on Saturday. In addition, in a separate piece of research released on July 11th, Jefferies Financial Group indicated that they would be reducing their price target on shares of Bank of Hawaii from $87.00 to $79.00.
The company provided a new price target. When trading began on Friday, the price of a share of Bank of Hawaii stock was set at $79.49. There is no difference between the quick, current, and debt-to-equity ratios when all three are set to 0.64. The stock has a market capitalization of $3.19 billion and a price-to-earnings ratio of 13.78. Additionally, the stock has a market value. Both its price-to-earnings-growth ratio, which is 1.78, and its beta value, which is 1.12, are very high. The current $70.89 represents Bank of Hawaii’s 52-week low, while the current price of $92.38 represents the company’s 52-week high.
The straightforward moving average of the company’s stock price over the past 50 days is $78.12, and the straightforward moving average over the past 200 days is $79.67. Bank of Hawaii (NYSE: BOH) provided the most current results of its financial operations in a press release published on July 25th. The bank’s quarterly profits per share (EPS) came in at $1.38, which was $0.03 greater than the median projection of $1.35 for the quarter’s earnings per share.
In its financial accounts, the Bank of Hawaii indicated that its net margin was 33.63%, and its equity return was 17.98%. The company had $1.68 per share earnings in the same period the year before. According to projections made by analysts specializing in the financial services sector, the Bank of Hawaii will end the current financial year with earnings of 5.64 cents per share.
Peter S. Ho, the company’s Chief Executive Officer, sold 5,500 shares of stock on August 10th. That was yet another bit of business news that has occurred recently. That resulted in a total sales volume of $449,185.50 for the shares sold at an average price of $81.67 per share. Following the transaction’s conclusion, the firm’s Chief Executive Officer now directly owns 239,181 shares, the total value of which is $19,533,912.
The transaction was announced through a filing with the Securities and Exchange Commission, which may be viewed on the website of the SEC at the following address: The company’s management and employees collectively own 2.06% of the company’s total shares. Recently, several notable investors have increased the amount of ownership in BOH they currently hold, while others have decreased the amount of ownership they currently own.
During the second quarter, Victory Capital Management Inc. brought the total percentage of ownership it held in the Bank of Hawaii up to 39.8 percent, which was previously the case. As a result of the acquisition of an additional 617,432 shares during the period, Victory Capital Management Inc. now possesses a total of 2,167,240 shares of the bank’s stock, which are currently valued at $161,242,000. That brings the total number of shares owned by the company to 2,167,240.
The State Street Corporation boosted the percentage of Bank of Hawaii shares it owned by 10.9% during the first three months of 2018. State Street Corp now owns 1,777,119 shares of the bank’s stock after making an additional purchase of 174,889 last quarter. The stock is currently valued at a combined total of $149,136,00 due to State Street Corp’s holdings.
Grandeur Peak Global Advisors LLC boosted the amount of Bank of Hawaii stock owned by 17.2% over the first three months of the year. Following the purchase of an additional 122,215 shares during the most recent quarter, Grandeur Peak Global Advisors LLC now has a total of 191,968 shares of the bank’s stock, which are currently valued at $16,110,000. That brings the total worth of their holdings to $16,1110,000. In addition, country Club Bank GFN invested a total of $10,039,000 in purchasing shares of Bank of Hawaii during the first three months of the year.
Last but not least, Northern Trust Corporation increased its ownership of Bank of Hawaii shares by 25.8 percent during the first three months of this year. As a result, the current quarter saw Northern Trust Corp. purchase an additional 91,791 shares of the bank’s stock, bringing the total number of shares held by the firm to 447,658. That gives the stock a value of $37,568,000 for the company, which now owns 447,658 shares.
Institutions currently own the corporation’s equity to the tune of 71.07%. Bank of Hawaii Corporation is the holding company for Bank of Hawaii, which provides its services. The company’s three core business pillars are commercial banking, consumer banking, Treasury, and others. These pillars allow the corporation to conduct its operations.
The consumer banking division is in charge of offering a wide variety of financial products and services, including but not limited to checking, savings, and time deposit accounts; residential mortgage loans; home equity lines of credit; auto loans and leases; personal lines of credit; installment loans; credit cards; and small business loans and leases.
Among other things, this division is also responsible for offering credit cards. In addition to private and international client banking services, investment services, credit services, and trust services, the company also offers investment management and institutional investment advisory services that can be used by individuals, families, and people with a high net worth.