Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Downgraded to Sell Rating by StockNews.com

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

Banco Latinoamericano de Comercio Exterior, S. A. Trading Up 1.5 %

Shares of NYSE:BLX opened at $40.45 on Wednesday. The business’s 50-day moving average is $37.64 and its 200 day moving average is $36.54. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.77 and a quick ratio of 1.77. Banco Latinoamericano de Comercio Exterior, S. A. has a 1 year low of $27.37 and a 1 year high of $42.88. The firm has a market capitalization of $1.48 billion, a P/E ratio of 7.39 and a beta of 0.87.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last posted its quarterly earnings data on Monday, May 5th. The bank reported $1.40 earnings per share (EPS) for the quarter. The firm 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%. On average, research analysts predict that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Banco Latinoamericano de Comercio Exterior, S. A.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the fourth quarter valued at about $74,000. Longboard Asset Management LP purchased a new stake in Banco Latinoamericano de Comercio Exterior, S. A. in the fourth quarter valued at approximately $202,000. Sterling Capital Management LLC increased its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 5.7% in the 4th quarter. Sterling Capital Management LLC now owns 14,497 shares of the bank’s stock worth $516,000 after buying an additional 779 shares during the period. GAMMA Investing LLC lifted its stake in Banco Latinoamericano de Comercio Exterior, S. A. 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 acquiring an additional 25,830 shares during the period. Finally, Motley Fool Wealth Management LLC purchased a new stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the 4th quarter valued at $1,603,000. Hedge funds and other institutional investors own 19.47% of the company’s stock.

Banco Latinoamericano de Comercio Exterior, S. A. 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.