Banco Latinoamericano de Comerci Extr (BLX) Rating Lowered to D+ at TheStreet

Banco Latinoamericano de Comerci Extr (NYSE:BLX) was downgraded by research analysts at TheStreet from a “c” rating to a “d+” rating in a note issued to investors on Thursday.

A number of other brokerages have also weighed in on BLX. Zacks Investment Research lowered shares of Banco Latinoamericano de Comerci Extr from a “hold” rating to a “strong sell” rating in a research note on Monday, October 29th. JPMorgan Chase & Co. lowered shares of Banco Latinoamericano de Comerci Extr from a “neutral” rating to an “underweight” rating in a research note on Thursday, October 25th. Finally, ValuEngine lowered shares of Banco Latinoamericano de Comerci Extr from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 15th.

Shares of BLX stock traded down $0.11 during mid-day trading on Thursday, hitting $17.40. 160,751 shares of the stock were exchanged, compared to its average volume of 193,182. The company has a quick ratio of 1.55, a current ratio of 1.59 and a debt-to-equity ratio of 1.44. Banco Latinoamericano de Comerci Extr has a 52-week low of $15.31 and a 52-week high of $30.50. The firm has a market cap of $684.95 million, a P/E ratio of 9.67 and a beta of 1.54.

Banco Latinoamericano de Comerci Extr (NYSE:BLX) last posted its earnings results on Thursday, October 25th. The bank reported ($1.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($1.53). Banco Latinoamericano de Comerci Extr had a return on equity of 6.89% and a net margin of 4.29%. The firm had revenue of $29.70 million for the quarter, compared to analysts’ expectations of $36.59 million. On average, analysts anticipate that Banco Latinoamericano de Comerci Extr will post 0.18 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Banco Latinoamericano de Comerci Extr in the 2nd quarter valued at about $643,000. Globeflex Capital L P lifted its stake in Banco Latinoamericano de Comerci Extr by 99.9% in the 2nd quarter. Globeflex Capital L P now owns 55,437 shares of the bank’s stock valued at $1,364,000 after buying an additional 27,701 shares in the last quarter. Motley Fool Wealth Management LLC lifted its stake in Banco Latinoamericano de Comerci Extr by 2.2% in the 2nd quarter. Motley Fool Wealth Management LLC now owns 372,823 shares of the bank’s stock valued at $9,175,000 after buying an additional 8,057 shares in the last quarter. Finally, Paradice Investment Management LLC purchased a new position in Banco Latinoamericano de Comerci Extr in the 2nd quarter valued at about $52,937,000. 15.96% of the stock is currently owned by hedge funds and other institutional investors.

About Banco Latinoamericano de Comerci Extr

Banco Latinoamericano de Comercio Exterior, SA, a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. The company operates through two segments, Commercial and Treasury. It offers short and medium-term bilateral, collateral-backed, short and medium term trade, and pre-export financing structured loans; and discounting of notes, cross-border leasing, pre- and post-export financing, import financing, letters of credit, bank guarantees, documentary collection, irrevocable reimbursement undertakings, bankers' acceptance, vendor finance, and ECA-backed financing services.

Recommended Story: Understanding Market Liquidity

Receive News & Ratings for Banco Latinoamericano de Comerci Extr Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Latinoamericano de Comerci Extr and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply