Banco del Bajío, S.A., Institución de Banca Múltiple (BBAJF) Expected to Post Earnings on Monday

Banco del Bajío, S.A., Institución de Banca Múltiple (OTCMKTS:BBAJF) is projected to issue its results after the market closes on Monday, October 26th. Analysts expect Banco del Bajío, S.A., Institución de Banca Múltiple to announce earnings of $0.0887 per share and revenue of $350.70 million for the quarter.

Banco del Bajío, S.A., Institución de Banca Múltiple Price Performance

BBAJF stock opened at $3.06 on Friday. The stock’s 50 day simple moving average is $3.28 and its 200 day simple moving average is $3.24. Banco del Bajío, S.A., Institución de Banca Múltiple has a fifty-two week low of $2.42 and a fifty-two week high of $3.38.

Analyst Ratings Changes

A number of analysts have commented on the stock. HSBC lowered shares of Banco del Bajío, S.A., Institución de Banca Múltiple from a “buy” rating to a “hold” rating in a research note on Monday, August 3rd. Itau BBA Securities lowered Banco del Bajío, S.A., Institución de Banca Múltiple from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 18th. Two analysts have rated the stock with a Hold rating. According to MarketBeat, Banco del Bajío, S.A., Institución de Banca Múltiple currently has an average rating of “Hold”.

Banco del Bajío, S.A., Institución de Banca Múltiple Company Profile

Banco del Bajío, SA, Institución de Banca Múltiple, commonly known as BanBajío, is a Mexican commercial bank headquartered in León, Guanajuato. The bank provides financial services to businesses, government entities and individual customers throughout Mexico.

BanBajío focuses particularly on small and medium-sized enterprises, commercial and corporate clients, and the agricultural sector. Its offerings include business and personal loans, working-capital and equipment financing, agricultural credit, deposit accounts, payment services, foreign-trade financing and other treasury and cash-management solutions.

The institution was established in 1994 and built its business around serving companies and productive sectors in Mexico’s central and western regions before expanding its national presence.