TD Securities Increases Banco Latinoamericano de Comerci Extr (NYSE:BLX) Price Target to $25.00

Banco Latinoamericano de Comerci Extr (NYSE:BLX) had its price target hoisted by TD Securities from $24.00 to $25.00 in a research note published on Friday, Stock Target Advisor reports. They currently have a buy rating on the bank’s stock.

A number of other research analysts have also recently weighed in on BLX. Zacks Investment Research raised shares of Banco Latinoamericano de Comerci Extr from a hold rating to a buy rating and set a $22.00 price objective for the company in a report on Wednesday, September 25th. CIBC lifted their price objective on shares of Banco Latinoamericano de Comerci Extr from $24.00 to $25.00 in a report on Wednesday, October 23rd. TheStreet raised shares of Banco Latinoamericano de Comerci Extr from a d+ rating to a c rating in a report on Friday, August 2nd. Finally, ValuEngine cut shares of Banco Latinoamericano de Comerci Extr from a sell rating to a strong sell rating in a report on Saturday, August 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. Banco Latinoamericano de Comerci Extr has a consensus rating of Buy and a consensus target price of $24.33.

BLX traded up $0.43 on Friday, reaching $22.08. The stock had a trading volume of 93,808 shares, compared to its average volume of 81,672. Banco Latinoamericano de Comerci Extr has a 12-month low of $16.02 and a 12-month high of $22.95. The company has a current ratio of 2.20, a quick ratio of 2.09 and a debt-to-equity ratio of 2.60. The business’s 50-day moving average price is $20.10 and its two-hundred day moving average price is $20.26. The company has a market cap of $853.27 million, a P/E ratio of 78.86 and a beta of 1.32.

Banco Latinoamericano de Comerci Extr (NYSE:BLX) last released its quarterly earnings data on Friday, October 18th. The bank reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.05). Banco Latinoamericano de Comerci Extr had a net margin of 28.00% and a return on equity of 8.46%. The firm had revenue of $29.52 million during the quarter, compared to analysts’ expectations of $35.00 million. As a group, analysts predict that Banco Latinoamericano de Comerci Extr will post 2.23 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, October 29th will be paid a dividend of $0.385 per share. The ex-dividend date of this dividend is Monday, October 28th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 6.97%. Banco Latinoamericano de Comerci Extr’s dividend payout ratio is currently 550.00%.

Several hedge funds have recently added to or reduced their stakes in BLX. Lee Danner & Bass Inc. increased its stake in shares of Banco Latinoamericano de Comerci Extr by 2.3% during the second quarter. Lee Danner & Bass Inc. now owns 605,614 shares of the bank’s stock worth $12,615,000 after purchasing an additional 13,900 shares in the last quarter. Beddow Capital Management Inc. increased its stake in shares of Banco Latinoamericano de Comerci Extr by 10.2% during the second quarter. Beddow Capital Management Inc. now owns 334,292 shares of the bank’s stock worth $6,963,000 after purchasing an additional 30,939 shares in the last quarter. Thomas White International Ltd. increased its stake in shares of Banco Latinoamericano de Comerci Extr by 3.1% during the second quarter. Thomas White International Ltd. now owns 123,546 shares of the bank’s stock worth $2,573,000 after purchasing an additional 3,702 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Banco Latinoamericano de Comerci Extr by 0.8% during the second quarter. Parametric Portfolio Associates LLC now owns 326,500 shares of the bank’s stock worth $6,801,000 after purchasing an additional 2,470 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Banco Latinoamericano de Comerci Extr by 9.1% during the third quarter. Rhumbline Advisers now owns 48,347 shares of the bank’s stock worth $964,000 after purchasing an additional 4,021 shares in the last quarter. 15.49% of the stock is owned by institutional investors and hedge funds.

Banco Latinoamericano de Comerci Extr Company Profile

Banco Latinoamericano de Comercio Exterior, SA, a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. The company operates through two segments, Commercial and Treasury. It offers short and medium-term bilateral, structured and syndicated credits, and loan commitments; letter of credit contingencies, such as issued and confirmed letters of credit, and stand-by letters of credit; and guarantees covering commercial risk and other assets.

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Analyst Recommendations for Banco Latinoamericano de Comerci Extr (NYSE:BLX)

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