The banking industry closed the day up 2.4%. Mercantile Bancorp Inc ( MBR), FNB NC Corporation ( FNBN), Community Financial ( CFFC), and Park Bancorp Inc ( PFED) were all decliners today within the banking industry with Banco Latinoamericano de Exportaciones ( BLX) being today's featured banking loser. Banco Latinoamericano de Exportaciones fell 11 cents (-0.7%) to $16.91 on average volume. Throughout the day, 229,993 shares of Banco Latinoamericano de Exportaciones exchanged hands as compared to its average daily volume of 161,100 shares. Banco Latinoamericano de Comercio Exterior, S.A., together with its subsidiaries, provides trade financing to commercial banks and corporations in Latin America. The company operates through three divisions: Commercial, Treasury, and Asset Management. Banco Latinoamericano de Exportaciones has a market cap of $480.3 million and is part of the financial sector. The company has a P/E ratio of 8.8, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 6.5% year to date as of the close of trading on Monday. TheStreet Ratings rates Banco Latinoamericano de Exportaciones as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we find that the stock itself is trading at a premium valuation.
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