Wall Street Zen Downgrades Banco Latinoamericano de Comercio Exterior (NYSE:BLX) to Hold

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Separately, Weiss Ratings restated a “buy (b+)” rating on shares of Banco Latinoamericano de Comercio Exterior in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

Banco Latinoamericano de Comercio Exterior Stock Performance

BLX stock opened at $44.60 on Friday. The stock’s 50 day simple moving average is $45.61 and its 200 day simple moving average is $43.09. The company has a market cap of $1.66 billion, a P/E ratio of 7.42 and a beta of 0.90. Banco Latinoamericano de Comercio Exterior has a fifty-two week low of $31.14 and a fifty-two week high of $48.38.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last announced its quarterly earnings data on Tuesday, October 28th. The bank reported $1.48 EPS for the quarter. Banco Latinoamericano de Comercio Exterior had a return on equity of 16.18% and a net margin of 26.58%.The firm had revenue of $82.78 million during the quarter. Equities analysts predict that Banco Latinoamericano de Comercio Exterior will post 4.6 earnings per share for the current year.

Institutional Investors Weigh In On Banco Latinoamericano de Comercio Exterior

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. purchased a new position in shares of Banco Latinoamericano de Comercio Exterior in the 2nd quarter worth approximately $25,000. SBI Securities Co. Ltd. increased its position in shares of Banco Latinoamericano de Comercio Exterior by 36.8% during the first quarter. SBI Securities Co. Ltd. now owns 2,859 shares of the bank’s stock valued at $105,000 after acquiring an additional 769 shares during the last quarter. EMC Capital Management bought a new stake in Banco Latinoamericano de Comercio Exterior during the second quarter worth $273,000. Ramirez Asset Management Inc. boosted its position in Banco Latinoamericano de Comercio Exterior by 20.3% in the second quarter. Ramirez Asset Management Inc. now owns 35,718 shares of the bank’s stock worth $1,439,000 after purchasing an additional 6,020 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in Banco Latinoamericano de Comercio Exterior by 11.5% in the second quarter. Rhumbline Advisers now owns 46,968 shares of the bank’s stock worth $1,893,000 after purchasing an additional 4,843 shares during the last quarter. Hedge funds and other institutional investors own 19.47% of the company’s stock.

About Banco Latinoamericano de Comercio Exterior

Banco Latinoamericano de Comercio Exterior, S. A., a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. The company operates in two segments, Commercial and Treasury. It offers bilateral loans; structured loans including syndicated and clubbed, such as acquisition and pre-export financing, A/B loan financing, bridge loans, and liability management; and project financing.