Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Receives "Buy (B+)" Rating from Weiss Ratings

Key Points

• Banco Latinoamericano de Comercio Exterior (NYSE:BLX) has received a "Buy (B+)" rating from Weiss Ratings, reaffirming positive analyst sentiment regarding the stock's performance.
• The bank's stock is currently priced at $45.06, reflecting a 0.8% increase during midday trading, with a market cap of $1.68 billion.
• Institutional investors have shown increased interest in BLX, with companies like LSV Asset Management and Rhumbline Advisers raising their stakes during the second quarter.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX - Get Free Report)'s stock had its "buy (b+)" rating reaffirmed by stock analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised Banco Latinoamericano de Comercio Exterior from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy".

Banco Latinoamericano de Comercio Exterior Stock Up 0.8%

Shares of BLX traded up $0.34 during midday trading on Wednesday, reaching $45.06. 149,953 shares of the stock were exchanged, compared to its average volume of 125,790. Banco Latinoamericano de Comercio Exterior has a twelve month low of $31.14 and a twelve month high of $48.38. The company has a market cap of $1.68 billion, a P/E ratio of 7.55 and a beta of 0.89. The stock's 50 day simple moving average is $45.36 and its 200 day simple moving average is $41.71.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX - Get Free Report) last posted its earnings results on Monday, August 4th. The bank reported $1.73 earnings per share for the quarter. Banco Latinoamericano de Comercio Exterior had a return on equity of 16.23% and a net margin of 26.32%.The company had revenue of $90.04 million during the quarter. As a group, analysts predict that Banco Latinoamericano de Comercio Exterior will post 4.6 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. LSV Asset Management grew its holdings in shares of Banco Latinoamericano de Comercio Exterior by 2.4% during the second quarter. LSV Asset Management now owns 1,213,835 shares of the bank's stock worth $48,918,000 after purchasing an additional 28,375 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Banco Latinoamericano de Comercio Exterior by 11.5% in the 2nd quarter. Rhumbline Advisers now owns 46,968 shares of the bank's stock worth $1,893,000 after purchasing an additional 4,843 shares in the last quarter. Ramirez Asset Management Inc. increased its stake in Banco Latinoamericano de Comercio Exterior by 20.3% during the 2nd quarter. Ramirez Asset Management Inc. now owns 35,718 shares of the bank's stock valued at $1,439,000 after purchasing an additional 6,020 shares in the last quarter. GAMMA Investing LLC increased its stake in Banco Latinoamericano de Comercio Exterior by 4,087.0% during the 1st quarter. GAMMA Investing LLC now owns 26,462 shares of the bank's stock valued at $969,000 after purchasing an additional 25,830 shares in the last quarter. Finally, EMC Capital Management purchased a new stake in Banco Latinoamericano de Comercio Exterior in the 2nd quarter valued at $273,000. 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.

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