Banco Latinoamericano de Comerci Extr (NYSE:BLX) Price Target Increased to $25.00 by Analysts at TD Securities

Banco Latinoamericano de Comerci Extr (NYSE:BLX) had its price objective raised by TD Securities from $24.00 to $25.00 in a research note issued to investors on Friday, Stock Target Advisor reports. The firm currently has a “buy” rating on the bank’s stock. TD Securities’ price objective points to a potential upside of 13.22% from the stock’s current price.

Several other research analysts have also recently issued reports on the stock. TheStreet raised shares of Banco Latinoamericano de Comerci Extr from a “d+” rating to a “c” rating in a report on Friday, August 2nd. CIBC lifted their target price on shares of Banco Latinoamericano de Comerci Extr from $24.00 to $25.00 in a report on Wednesday, October 23rd. 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. Finally, 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 for the company in a report on Wednesday, September 25th. 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 company. The stock has an average rating of “Buy” and a consensus target price of $24.33.

NYSE BLX traded up $0.43 during trading hours on Friday, reaching $22.08. 93,808 shares of the company’s stock traded hands, compared to its average volume of 81,672. Banco Latinoamericano de Comerci Extr has a 52-week low of $16.02 and a 52-week high of $22.95. The firm has a market cap of $853.27 million, a PE ratio of 78.86 and a beta of 1.32. The firm has a 50-day simple moving average of $20.10 and a 200 day simple moving average of $20.26. The company has a debt-to-equity ratio of 2.60, a current ratio of 2.20 and a quick ratio of 2.09.

Banco Latinoamericano de Comerci Extr (NYSE:BLX) last issued its quarterly earnings results on Friday, October 18th. The bank reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.05). The business had revenue of $29.52 million for the quarter, compared to analysts’ expectations of $35.00 million. Banco Latinoamericano de Comerci Extr had a net margin of 28.00% and a return on equity of 8.46%. Sell-side analysts forecast that Banco Latinoamericano de Comerci Extr will post 2.23 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of the business. Parametric Portfolio Associates LLC raised its holdings in Banco Latinoamericano de Comerci Extr by 0.8% in the second quarter. Parametric Portfolio Associates LLC now owns 326,500 shares of the bank’s stock worth $6,801,000 after buying an additional 2,470 shares during the last quarter. Thomas White International Ltd. grew its stake in shares of Banco Latinoamericano de Comerci Extr by 3.1% in the second quarter. Thomas White International Ltd. now owns 123,546 shares of the bank’s stock worth $2,573,000 after acquiring an additional 3,702 shares during the period. Rhumbline Advisers grew its stake in shares of Banco Latinoamericano de Comerci Extr by 9.1% in the third quarter. Rhumbline Advisers now owns 48,347 shares of the bank’s stock worth $964,000 after acquiring an additional 4,021 shares during the period. Lee Danner & Bass Inc. grew its stake in shares of Banco Latinoamericano de Comerci Extr by 2.3% in the second quarter. Lee Danner & Bass Inc. now owns 605,614 shares of the bank’s stock worth $12,615,000 after acquiring an additional 13,900 shares during the period. Finally, Beddow Capital Management Inc. grew its stake in shares of Banco Latinoamericano de Comerci Extr by 10.2% in the second quarter. Beddow Capital Management Inc. now owns 334,292 shares of the bank’s stock worth $6,963,000 after acquiring an additional 30,939 shares during the period. 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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