StockNews.com Initiates Coverage on Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX)

StockNews.com began coverage on shares of Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX – Get Rating) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the bank’s stock.

Banco Latinoamericano de Comercio Exterior, S. A. Stock Performance

BLX opened at $17.44 on Thursday. The business has a fifty day simple moving average of $17.14 and a 200 day simple moving average of $15.94. The company has a market capitalization of $631.85 million, a PE ratio of 6.89 and a beta of 1.15. Banco Latinoamericano de Comercio Exterior, S. A. has a 1 year low of $12.58 and a 1 year high of $19.17. The company has a debt-to-equity ratio of 4.13, a current ratio of 2.50 and a quick ratio of 1.01.

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

Several institutional investors have recently added to or reduced their stakes in the company. LSV Asset Management boosted its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 1.7% in the 4th quarter. LSV Asset Management now owns 972,198 shares of the bank’s stock valued at $15,750,000 after purchasing an additional 15,990 shares during the period. Thomas White International Ltd. lifted its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 0.3% during the 1st quarter. Thomas White International Ltd. now owns 353,718 shares of the bank’s stock valued at $5,510,000 after acquiring an additional 1,021 shares during the period. Finally, Uniplan Investment Counsel Inc. bought a new stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. during the 3rd quarter valued at $1,630,000. 7.19% of the stock is currently owned by institutional investors.

Banco Latinoamericano de Comercio Exterior, S. A. Company Profile

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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 through two segments, Commercial and Treasury. It offers short and medium-term bilateral loans, structured and syndicated credits, and loan commitments; financial guarantee contracts, such as issued and confirmed letters of credit, and stand-by letters of credit; and guarantees covering commercial risk and other assets, as well as co-financing arrangements, underwriting of syndicated credit facilities, structured trade financing in the form of factoring and vendor financing, and financial leasing.