Banco Latinoamericano de Comerci Extr (NYSE:BLX) Price Target Raised to $26.00 at National Bank Financial

Banco Latinoamericano de Comerci Extr (NYSE:BLX) had its price objective boosted by National Bank Financial from $25.00 to $26.00 in a research note issued to investors on Friday morning, Stock Target Advisor reports. National Bank Financial currently has an outperform rating on the bank’s stock.

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

Shares of BLX traded up $0.43 during mid-day trading on Friday, hitting $22.08. The company had a trading volume of 93,808 shares, compared to its average volume of 81,672. The business’s 50-day simple moving average is $20.10 and its 200-day simple moving average is $20.26. The company has a quick ratio of 2.09, a current ratio of 2.20 and a debt-to-equity ratio of 2.60. Banco Latinoamericano de Comerci Extr has a 1-year low of $16.02 and a 1-year high of $22.95. The stock has a market cap of $853.27 million, a PE ratio of 78.86 and a beta of 1.32.

Banco Latinoamericano de Comerci Extr (NYSE:BLX) last released its earnings results on Friday, October 18th. The bank reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.05). Banco Latinoamericano de Comerci Extr had a return on equity of 8.46% and a net margin of 28.00%. The company had revenue of $29.52 million during the quarter, compared to analyst estimates of $35.00 million. On average, sell-side analysts expect that Banco Latinoamericano de Comerci Extr will post 2.23 earnings per share for the current year.

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

A number of hedge funds have recently made changes to their positions in the business. Paradice Investment Management LLC lifted its position in Banco Latinoamericano de Comerci Extr by 2.0% during the third quarter. Paradice Investment Management LLC now owns 2,466,850 shares of the bank’s stock valued at $49,189,000 after buying an additional 47,355 shares in the last quarter. Lee Danner & Bass Inc. lifted its position in 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 valued at $12,615,000 after buying an additional 13,900 shares in the last quarter. Beddow Capital Management Inc. lifted its position in 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 valued at $6,963,000 after buying an additional 30,939 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in 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 valued at $6,801,000 after buying an additional 2,470 shares in the last quarter. Finally, Thomas White International Ltd. lifted its position in 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 valued at $2,573,000 after buying an additional 3,702 shares in the last quarter. 15.49% of the stock is currently owned by hedge funds and other institutional investors.

About Banco Latinoamericano de Comerci Extr

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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