Grupo Financiero Banorte (OTCMKTS:GBOOY) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $38.52 and traded as high as $46.67. Grupo Financiero Banorte shares last traded at $46.22, with a volume of 44,994 shares.

Grupo Financiero Banorte Price Performance

The firm’s 50 day simple moving average is $38.52 and its two-hundred day simple moving average is $36.29.

Grupo Financiero Banorte (OTCMKTS:GBOOY) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.32 EPS for the quarter, missing the consensus estimate of $26.79 by ($25.47). The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $40.28 billion. On average, equities analysts anticipate that Grupo Financiero Banorte, S.A.B. de C.V. will post 4.84 EPS for the current fiscal year.

Grupo Financiero Banorte Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, May 15th. Stockholders of record on Tuesday, May 6th were paid a $2.1897 dividend. This represents a dividend yield of 12.07%. The ex-dividend date of this dividend was Monday, May 5th. This is an increase from Grupo Financiero Banorte’s previous dividend of $0.86.

Grupo Financiero Banorte Company Profile

Grupo Financiero Banorte, SAB. de C.V., through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally. The company accepts checking, current, retirement, and payroll accounts; and provides loans, including mortgage, car, payroll, personal, structured, syndicated, SME loans, and credit cards, as well as letter of credit financing, acquisition funding, and import and export foreign trade financing.