Brokerages Anticipate Banco Latinoamericano de Comercio Exterior, S.A. (BLX) Will Announce Earnings of $0.56 Per Share

Equities research analysts predict that Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) will post $0.56 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Banco Latinoamericano de Comercio Exterior,’s earnings. Banco Latinoamericano de Comercio Exterior, reported earnings of $0.71 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 21.1%. The business is scheduled to announce its next quarterly earnings report on Wednesday, October 18th.

According to Zacks, analysts expect that Banco Latinoamericano de Comercio Exterior, will report full-year earnings of $2.19 per share for the current fiscal year. For the next financial year, analysts anticipate that the business will post earnings of $2.57 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Banco Latinoamericano de Comercio Exterior,.

Banco Latinoamericano de Comercio Exterior, (NYSE:BLX) last released its quarterly earnings results on Friday, July 21st. The bank reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.21). Banco Latinoamericano de Comercio Exterior, had a net margin of 31.94% and a return on equity of 8.09%. The firm had revenue of $34.41 million for the quarter.

Several research analysts have recently weighed in on BLX shares. BidaskClub upgraded shares of Banco Latinoamericano de Comercio Exterior, from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Zacks Investment Research raised shares of Banco Latinoamericano de Comercio Exterior, from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, J P Morgan Chase & Co downgraded shares of Banco Latinoamericano de Comercio Exterior, from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $28.00 to $26.00 in a report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $27.50.

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Several hedge funds have recently made changes to their positions in BLX. Parametric Portfolio Associates LLC boosted its holdings in shares of Banco Latinoamericano de Comercio Exterior, by 74.3% during the 1st quarter. Parametric Portfolio Associates LLC now owns 68,052 shares of the bank’s stock worth $1,888,000 after buying an additional 29,008 shares during the period. Hanson & Doremus Investment Management bought a new stake in shares of Banco Latinoamericano de Comercio Exterior, during the 2nd quarter worth about $4,141,000. Rhumbline Advisers boosted its holdings in shares of Banco Latinoamericano de Comercio Exterior, by 0.3% during the 2nd quarter. Rhumbline Advisers now owns 37,617 shares of the bank’s stock worth $1,030,000 after buying an additional 108 shares during the period. Paradice Investment Management LLC boosted its holdings in shares of Banco Latinoamericano de Comercio Exterior, by 4.3% during the 2nd quarter. Paradice Investment Management LLC now owns 1,886,159 shares of the bank’s stock worth $51,643,000 after buying an additional 77,600 shares during the period. Finally, LSV Asset Management boosted its holdings in shares of Banco Latinoamericano de Comercio Exterior, by 0.7% during the 2nd quarter. LSV Asset Management now owns 1,860,019 shares of the bank’s stock worth $50,927,000 after buying an additional 13,600 shares during the period. 16.35% of the stock is owned by institutional investors and hedge funds.

Banco Latinoamericano de Comercio Exterior, (BLX) traded up 0.44% during midday trading on Friday, reaching $29.91. 78,620 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $27.91 and a 200 day moving average price of $27.57. Banco Latinoamericano de Comercio Exterior, has a 52 week low of $25.17 and a 52 week high of $30.51. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 14.31 and a beta of 1.61.

About Banco Latinoamericano de Comercio Exterior,

Banco Latinoamericano de Comercio Exterior, SA (the Bank) is a specialized multinational bank. The Bank is established to support the financing of trade and economic integration in Latin America and the Caribbean. The Company operates in two segments: Commercial and Treasury. The Bank’s Commercial segment incorporates all of the Bank’s financial intermediation and fees generated by the commercial portfolio activities, such as origination of bilateral and syndicated credits, short- and medium-term loans, acceptances and contingent credits.

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