Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Upgraded at StockNews.com

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report) was upgraded by stock analysts at StockNews.com from a "sell" rating to a "hold" rating in a report released on Thursday.

Banco Latinoamericano de Comercio Exterior, S. A. Trading Up 0.3%

BLX opened at $41.05 on Thursday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 2.73. Banco Latinoamericano de Comercio Exterior, S. A. has a 52 week low of $27.37 and a 52 week high of $42.88. The stock has a market cap of $1.50 billion, a PE ratio of 7.50 and a beta of 0.87. The business has a 50 day moving average of $37.70 and a 200-day moving average of $36.76.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The bank reported $1.40 earnings per share for the quarter. The business had revenue of $77.95 million for the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a net margin of 24.29% and a return on equity of 16.01%. Equities research analysts predict that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 earnings per share for the current fiscal year.

Institutional Trading of Banco Latinoamericano de Comercio Exterior, S. A.

A number of hedge funds have recently bought and sold shares of the company. Motley Fool Wealth Management LLC bought a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the fourth quarter worth approximately $1,603,000. LSV Asset Management increased its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 2.4% in the 1st quarter. LSV Asset Management now owns 1,185,460 shares of the bank's stock worth $43,388,000 after buying an additional 27,285 shares in the last quarter. GAMMA Investing LLC raised its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 4,087.0% during the first quarter. GAMMA Investing LLC now owns 26,462 shares of the bank's stock valued at $969,000 after acquiring an additional 25,830 shares during the period. Longboard Asset Management LP purchased a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the fourth quarter valued at about $202,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the fourth quarter worth about $74,000. Hedge funds and other institutional investors own 19.47% of the company's stock.

About Banco Latinoamericano de Comercio Exterior, S. A.

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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