Banco Latinoamericano de Comerci Extr (NYSE:BLX) Stock Crosses Above 200-Day Moving Average of $20.65

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Banco Latinoamericano de Comerci Extr SA (NYSE:BLX) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $20.65 and traded as high as $20.76. Banco Latinoamericano de Comerci Extr shares last traded at $20.56, with a volume of 73,517 shares changing hands.

Several research analysts recently commented on BLX shares. ValuEngine lowered shares of Banco Latinoamericano de Comerci Extr from a “sell” rating to a “strong sell” rating in a report on Thursday, February 6th. CIBC increased their price objective on shares of Banco Latinoamericano de Comerci Extr from $24.00 to $25.00 in a research report on Wednesday, October 23rd. Finally, Zacks Investment Research downgraded shares of Banco Latinoamericano de Comerci Extr from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $23.50.

The company has a debt-to-equity ratio of 2.60, a current ratio of 2.20 and a quick ratio of 2.20. The company’s 50-day simple moving average is $21.34 and its 200-day simple moving average is $20.65. The company has a market cap of $807.60 million, a price-to-earnings ratio of 9.61 and a beta of 1.31.

Large investors have recently modified their holdings of the business. Victory Capital Management Inc. acquired a new stake in Banco Latinoamericano de Comerci Extr in the fourth quarter valued at approximately $383,000. Rhumbline Advisers grew its position in Banco Latinoamericano de Comerci Extr by 9.1% in the third quarter. Rhumbline Advisers now owns 48,347 shares of the bank’s stock valued at $964,000 after acquiring an additional 4,021 shares in the last quarter. Finally, Paradice Investment Management LLC grew its position in Banco Latinoamericano de Comerci Extr by 2.0% in the third quarter. Paradice Investment Management LLC now owns 2,466,850 shares of the bank’s stock valued at $49,189,000 after acquiring an additional 47,355 shares in the last quarter. 15.68% of the stock is owned by institutional investors.

About Banco Latinoamericano de Comerci Extr (NYSE:BLX)

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, structured and syndicated credits, and loan commitments; letter of credit contingencies, such as issued and confirmed letters of credit, and stand-by letters of credit; and guarantees covering commercial risk and other assets.

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