Banco Latinoamericano de Comerci Extr (NYSE:BLX) Shares Cross Above 200 Day Moving Average of $20.28

Banco Latinoamericano de Comerci Extr SA (NYSE:BLX) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $20.28 and traded as high as $19.97. Banco Latinoamericano de Comerci Extr shares last traded at $19.97, with a volume of 1,474 shares changing hands.

A number of research firms recently issued reports on BLX. ValuEngine cut Banco Latinoamericano de Comerci Extr from a “sell” rating to a “strong sell” rating in a report on Saturday, August 31st. TheStreet upgraded Banco Latinoamericano de Comerci Extr from a “d+” rating to a “c” rating in a report on Friday, August 2nd. Finally, Zacks Investment Research upgraded Banco Latinoamericano de Comerci Extr from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $22.60.

The firm has a market capitalization of $777.71 million, a PE ratio of 70.96 and a beta of 1.33. The company has a fifty day simple moving average of $19.27 and a two-hundred day simple moving average of $20.28. The company has a debt-to-equity ratio of 2.40, a quick ratio of 2.09 and a current ratio of 2.09.

Banco Latinoamericano de Comerci Extr (NYSE:BLX) last issued its earnings results on Friday, July 19th. The bank reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.01. Banco Latinoamericano de Comerci Extr had a return on equity of 7.92% and a net margin of 7.80%. The business had revenue of $33.63 million during the quarter, compared to analysts’ expectations of $34.31 million. On average, equities analysts anticipate that Banco Latinoamericano de Comerci Extr SA will post 2.23 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of BLX. Lee Danner & Bass Inc. lifted its holdings in shares of Banco Latinoamericano de Comerci Extr by 2.3% in the 2nd quarter. Lee Danner & Bass Inc. now owns 605,614 shares of the bank’s stock worth $12,615,000 after buying an additional 13,900 shares during the period. Beddow Capital Management Inc. raised its position in shares of Banco Latinoamericano de Comerci Extr by 10.2% in the 2nd quarter. Beddow Capital Management Inc. now owns 334,292 shares of the bank’s stock worth $6,963,000 after acquiring an additional 30,939 shares in the last quarter. Thomas White International Ltd. raised its position in shares of Banco Latinoamericano de Comerci Extr by 3.1% in the 2nd quarter. Thomas White International Ltd. now owns 123,546 shares of the bank’s stock worth $2,573,000 after acquiring an additional 3,702 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in shares of Banco Latinoamericano de Comerci Extr by 0.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 326,500 shares of the bank’s stock worth $6,801,000 after acquiring an additional 2,470 shares in the last quarter. Institutional investors and hedge funds own 15.48% of the company’s stock.

Banco Latinoamericano de Comerci Extr Company Profile (NYSE:BLX)

Banco Latinoamericano de Comercio Exterior, SA, a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. The company operates through two segments, Commercial and Treasury. It offers short and medium-term bilateral, structured and syndicated credits, and loan commitments; letter of credit contingencies, such as issued and confirmed letters of credit, and stand-by letters of credit; and guarantees covering commercial risk and other assets.

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