Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Banco Latinoamericano de Comercio Exterior (NYSE:BLX) from a buy rating to a hold rating in a research note released on Saturday morning.

Separately, Weiss Ratings reissued a “buy (a-)” rating on shares of Banco Latinoamericano de Comercio Exterior in a report on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Banco Latinoamericano de Comercio Exterior has an average rating of “Strong Buy”.

Banco Latinoamericano de Comercio Exterior Price Performance

NYSE BLX opened at $44.48 on Friday. Banco Latinoamericano de Comercio Exterior has a 12 month low of $31.14 and a 12 month high of $48.38. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 7.40 and a beta of 0.90. The company’s fifty day moving average price is $45.06 and its two-hundred day moving average price is $43.49.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last released its earnings results on Tuesday, October 28th. The bank reported $1.48 earnings per share for the quarter. The company had revenue of $82.78 million during the quarter. Banco Latinoamericano de Comercio Exterior had a net margin of 26.58% and a return on equity of 16.18%. As a group, analysts anticipate that Banco Latinoamericano de Comercio Exterior will post 4.6 EPS for the current year.

Banco Latinoamericano de Comercio Exterior Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Monday, November 10th will be issued a $0.625 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $2.50 dividend on an annualized basis and a yield of 5.6%. Banco Latinoamericano de Comercio Exterior’s dividend payout ratio (DPR) is currently 41.60%.

Hedge Funds Weigh In On Banco Latinoamericano de Comercio Exterior

Institutional investors have recently made changes to their positions in the stock. LSV Asset Management lifted its holdings in shares of Banco Latinoamericano de Comercio Exterior by 2.4% in the 1st quarter. LSV Asset Management now owns 1,185,460 shares of the bank’s stock worth $43,388,000 after purchasing an additional 27,285 shares during the last quarter. Ramirez Asset Management Inc. increased its position in Banco Latinoamericano de Comercio Exterior by 20.3% in the second quarter. Ramirez Asset Management Inc. now owns 35,718 shares of the bank’s stock worth $1,439,000 after buying an additional 6,020 shares during the period. SBI Securities Co. Ltd. lifted its stake in Banco Latinoamericano de Comercio Exterior by 21.9% in the second quarter. SBI Securities Co. Ltd. now owns 3,485 shares of the bank’s stock valued at $140,000 after buying an additional 626 shares during the last quarter. PNC Financial Services Group Inc. acquired a new position in shares of Banco Latinoamericano de Comercio Exterior during the second quarter valued at $25,000. Finally, EMC Capital Management acquired a new position in shares of Banco Latinoamericano de Comercio Exterior during the second quarter valued at $273,000. 19.47% of the stock is owned by institutional investors.

Banco Latinoamericano de Comercio Exterior Company Profile

Banco Latinoamericano de Comercio Exterior, S. A., a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. The company operates in two segments, Commercial and Treasury. It offers bilateral loans; structured loans including syndicated and clubbed, such as acquisition and pre-export financing, A/B loan financing, bridge loans, and liability management; and project financing.