Banco del Bajío, S.A., Institución de Banca Múltiple (OTCMKTS:BBAJF) Stock Jumps 3.1% – Still a Buy?

Shares of Banco del Bajío, S.A., Institución de Banca Múltiple (OTCMKTS:BBAJF) were up 3.1% on Thursday. The company traded as high as $3.29 and last traded at $3.29. 300 shares changed hands during trading, a decline of 94% from the average session volume of 4,815 shares. The stock had previously closed at $3.19.

Analysts Set New Price Targets

Several equities analysts have commented on the company. 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. Itau BBA Securities downgraded Banco del Bajío, S.A., Institución de Banca Múltiple from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 18th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Banco del Bajío, S.A., Institución de Banca Múltiple Stock Up 3.1%

The firm’s 50 day moving average is $3.33 and its two-hundred day moving average is $3.23.

About Banco del Bajío, S.A., Institución de Banca Múltiple

Banco del Bajío, SA, Institución de Banca Múltiple, commonly known as BanBajío, is a Mexican commercial bank headquartered in León, Guanajuato. Founded in 1994, the institution serves businesses, agricultural producers, government entities and individual customers through a regional banking network and digital channels.

The bank provides a range of financial products and services, including commercial and agricultural lending, working-capital and investment financing, mortgage and consumer loans, deposit accounts, credit and debit cards, cash-management services, foreign-trade financing and other corporate banking solutions.