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

Stock analysts at StockNews.com initiated coverage on shares of Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX – Get Rating) in a note issued to investors on Thursday. The firm set a “hold” rating on the bank’s stock.

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

Shares of Banco Latinoamericano de Comercio Exterior, S. A. stock opened at $19.34 on Thursday. The firm has a market capitalization of $702.62 million, a P/E ratio of 5.97 and a beta of 1.15. Banco Latinoamericano de Comercio Exterior, S. A. has a 52 week low of $12.58 and a 52 week high of $19.49. The firm’s 50 day moving average is $17.74 and its two-hundred day moving average is $16.98. The company has a quick ratio of 2.20, a current ratio of 2.23 and a debt-to-equity ratio of 3.61.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX – Get Rating) last issued its quarterly earnings results on Monday, February 27th. The bank reported $0.85 earnings per share for the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a return on equity of 11.15% and a net margin of 26.11%. The firm had revenue of $53.19 million during the quarter.

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

A number of hedge funds have recently added to or reduced their stakes in BLX. Rhumbline Advisers lifted its position in Banco Latinoamericano de Comercio Exterior, S. A. by 2.3% during the 1st quarter. Rhumbline Advisers now owns 42,209 shares of the bank’s stock worth $734,000 after acquiring an additional 957 shares in the last quarter. Uniplan Investment Counsel Inc. bought a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the third quarter worth $1,630,000. Thomas White International Ltd. grew its stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 0.3% in the first quarter. Thomas White International Ltd. now owns 353,718 shares of the bank’s stock worth $5,510,000 after purchasing an additional 1,021 shares in the last quarter. Finally, LSV Asset Management grew its stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 1.7% in the fourth quarter. LSV Asset Management now owns 972,198 shares of the bank’s stock worth $15,750,000 after purchasing an additional 15,990 shares in the last quarter. 7.19% of the stock is owned by institutional investors and hedge funds.

About Banco Latinoamericano de Comercio Exterior, S. A.

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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.