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

Key Points

• Weiss Ratings has reaffirmed a "buy (B+)" rating for Banco Latinoamericano de Comercio Exterior (NYSE:BLX), indicating analyst confidence in the stock's performance.
• Wall Street Zen has upgraded Banco Latinoamericano from a "hold" to a "buy" rating, aligning with the overall consensus rating of "Buy" among analysts.
• The bank reported an earnings per share (EPS) of $1.73 for its most recent quarter, alongside a revenue of $90.04 million, showcasing strong financial performance.

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

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

Banco Latinoamericano de Comercio Exterior Stock Performance

BLX traded up $0.13 during mid-day trading on Friday, reaching $45.73. 136,345 shares of the stock were exchanged, compared to its average volume of 125,164. Banco Latinoamericano de Comercio Exterior has a 1 year low of $31.14 and a 1 year high of $48.38. The company has a 50 day moving average price of $45.94 and a two-hundred day moving average price of $42.39. The stock has a market capitalization of $1.70 billion, a PE ratio of 7.66 and a beta of 0.89.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The bank reported $1.73 earnings per share (EPS) for the quarter. Banco Latinoamericano de Comercio Exterior had a return on equity of 16.23% and a net margin of 26.32%.The business had revenue of $90.04 million for the quarter. Sell-side analysts expect that Banco Latinoamericano de Comercio Exterior will post 4.6 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. grew its holdings in Banco Latinoamericano de Comercio Exterior by 21.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 3,485 shares of the bank's stock valued at $140,000 after buying an additional 626 shares in the last quarter. PNC Financial Services Group Inc. purchased a new position in Banco Latinoamericano de Comercio Exterior during the 2nd quarter valued at about $25,000. Rhumbline Advisers grew its holdings in shares of Banco Latinoamericano de Comercio Exterior by 11.5% during 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 in the last quarter. Ramirez Asset Management Inc. grew its holdings in shares of Banco Latinoamericano de Comercio Exterior by 20.3% during 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 in the last quarter. Finally, EMC Capital Management purchased a new position in shares of Banco Latinoamericano de Comercio Exterior during the second quarter worth about $273,000. Hedge funds and other institutional investors own 19.47% of the company's stock.

Banco Latinoamericano de Comercio Exterior Company Profile

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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