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 expected to be issuing its results after the market closes on Monday, October 26th. Analysts expect Banco del Bajío, S.A., Institución de Banca Múltiple to post earnings of $0.0887 per share and revenue of $350.70 million for the quarter.

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

BBAJF stock opened at $3.06 on Friday. The stock has a 50-day moving average price of $3.28 and a two-hundred day moving average price of $3.24. Banco del Bajío, S.A., Institución de Banca Múltiple has a 1 year low of $2.42 and a 1 year high of $3.38.

Analysts Set New Price Targets

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