Banco Latinoamericano de Comerci Extr (NYSE:BLX) Stock Crosses Above 200-Day Moving Average of $20.29

Banco Latinoamericano de Comerci Extr SA (NYSE:BLX)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $20.29 and traded as high as $19.55. Banco Latinoamericano de Comerci Extr shares last traded at $19.44, with a volume of 1,778 shares trading hands.

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

The stock has a market capitalization of $761.15 million, a price-to-earnings ratio of 69.04 and a beta of 1.33. The company’s fifty day simple moving average is $19.17 and its 200 day simple moving average is $20.29. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 2.40.

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

Several institutional investors have recently made changes to their positions in BLX. Beddow Capital Management Inc. boosted its position in shares of Banco Latinoamericano de Comerci Extr by 10.2% in the second quarter. Beddow Capital Management Inc. now owns 334,292 shares of the bank’s stock valued at $6,963,000 after acquiring an additional 30,939 shares during the period. Lee Danner & Bass Inc. boosted its position in shares of Banco Latinoamericano de Comerci Extr by 2.3% in the second quarter. Lee Danner & Bass Inc. now owns 605,614 shares of the bank’s stock valued at $12,615,000 after acquiring an additional 13,900 shares during the period. Thomas White International Ltd. boosted its position in shares of Banco Latinoamericano de Comerci Extr by 3.1% in the second quarter. Thomas White International Ltd. now owns 123,546 shares of the bank’s stock valued at $2,573,000 after acquiring an additional 3,702 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Banco Latinoamericano de Comerci Extr by 0.8% in the second quarter. Parametric Portfolio Associates LLC now owns 326,500 shares of the bank’s stock valued at $6,801,000 after acquiring an additional 2,470 shares during the period. 15.48% of the stock is owned by institutional investors.

About Banco Latinoamericano de Comerci Extr (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.

Further Reading: Diversification

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