Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Reaches New 12-Month High – What’s Next?

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) reached a new 52-week high on Thursday . The stock traded as high as $48.49 and last traded at $48.48, with a volume of 57356 shares trading hands. The stock had previously closed at $47.61.

Analyst Ratings Changes

BLX has been the topic of a number of research analyst reports. Wall Street Zen downgraded Banco Latinoamericano de Comercio Exterior from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Weiss Ratings upgraded shares of Banco Latinoamericano de Comercio Exterior from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Strong Buy”.

Banco Latinoamericano de Comercio Exterior Price Performance

The stock has a market cap of $1.82 billion, a PE ratio of 8.11 and a beta of 0.84. The stock has a 50-day simple moving average of $44.74 and a 200-day simple moving average of $44.68.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last released its quarterly earnings data on Thursday, October 30th. The bank reported $1.48 earnings per share for the quarter. Banco Latinoamericano de Comercio Exterior had a return on equity of 15.42% and a net margin of 26.58%.The business had revenue of $82.78 million for the quarter. As a group, equities research analysts anticipate that Banco Latinoamericano de Comercio Exterior, S.A. will post 4.6 EPS for the current year.

Institutional Trading of Banco Latinoamericano de Comercio Exterior

A number of institutional investors have recently added to or reduced their stakes in BLX. PNC Financial Services Group Inc. purchased a new stake in shares of Banco Latinoamericano de Comercio Exterior in the second quarter worth about $25,000. SBI Securities Co. Ltd. grew its holdings in Banco Latinoamericano de Comercio Exterior by 21.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 3,485 shares of the bank’s stock valued at $140,000 after purchasing an additional 626 shares in the last quarter. Diversified Trust Co. purchased a new stake in Banco Latinoamericano de Comercio Exterior during the 4th quarter worth $200,000. EMC Capital Management acquired a new position in Banco Latinoamericano de Comercio Exterior in the 2nd quarter worth $273,000. Finally, Ramirez Asset Management Inc. boosted its position in Banco Latinoamericano de Comercio Exterior by 20.3% in the 2nd quarter. Ramirez Asset Management Inc. now owns 35,718 shares of the bank’s stock valued at $1,439,000 after buying an additional 6,020 shares during the last quarter. 19.47% of the stock is owned by hedge funds and other institutional investors.

Banco Latinoamericano de Comercio Exterior Company Profile

Banco Latinoamericano de Comercio Exterior SA, commonly known as BLADEx and traded on the New York Stock Exchange under the symbol BLX, is a multilateral financial institution dedicated to promoting foreign trade and regional integration in Latin America and the Caribbean. Headquartered in Panama City, the bank provides specialized trade finance solutions to corporate clients and financial institutions, helping to facilitate cross-border transactions across key markets in the region. Its services encompass import and export financing, supply chain solutions, project and structured finance, as well as treasury and risk management products.

Established in 1977 by a consortium of 20 Latin American and Caribbean governments in partnership with the Inter-American Development Bank (IDB), BLADEx has a mandate to support economic development through trade facilitation.