Today I’m reviewing a large-cap bank – regional -Latin America.
It’s name is Grupo Financiero Banorte SAB de CV. It’s trading ticker symbol is GBOOF .Â
Grupo Financiero Banorte SAB de CV through its subsidiaries, provides banking and financial products and services in Mexico.Â
It offers deposits, which include savings accounts, checking accounts, mutual funds, credit products, and mortgages.
The company also provides individual accounts, specialized services, integration of resources, and infonavit advice; insurance, and pensions.Â
In addition, it offers a fund operator, asset administration, investment banking, investment funds, stock market, money market, Internet banking, mobile phone banking, and cash management services.
The company operates through a network of approximately 1,191 branches, 7,425 ATMs, 6,989 third-party correspondents, and 155,893 point of sale terminals.Â
Grupo Financiero Banorte, S.A.B. de C.V. was founded in 1899 and is headquartered in Mexico City, Mexico.
I use three key data points to gauge the value of any dividend equity or fund like Grupo Financiero Banorte:Â
(1) Price
(2) Dividends
(3) Returns
Besides those three, four more keys will finally unlock an equity or fund in which to invest.
But those first three primary keys, best tell whether a company has made, is making, and will make money.Â
GBOOF Price
GBOOF’s price per share was $6.90 at Friday’s market close. A year ago its price was $6.30 for a gain of $0.60 per share. Â
Assuming GBOOF’s price will trade in the range of $3.50 to $7.50 next year, its price could make that same $0.60 gain from its current $6.30 price to $6.90 or even $7.00 by late July, or early August 2019.Â
GBOOF Dividends
Banorte’s most recent variable semi-annual dividend was $0.1546Â paid in June 2017
It has not paid a dividend since.
Gains For GBOOF?
Adding no potential annual dividend to the $0.60 potential year over year price gain for Banorte makes a $0.60 projected gross annual per share gain, which will be reduced by costs to trade the shares. Â
