Motley Fool Wealth Management LLC raised its stake in shares of Banco Latinoamericano de Comerci Extr SA (NYSE:BLX) by 0.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 464,521 shares of the bank’s stock after acquiring an additional 3,094 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in Banco Latinoamericano de Comerci Extr were worth $9,253,000 at the end of the most recent quarter.
Separately, Paradice Investment Management LLC lifted its position in shares of Banco Latinoamericano de Comerci Extr by 3.0% in the 4th quarter. Paradice Investment Management LLC now owns 2,389,375 shares of the bank’s stock worth $41,336,000 after buying an additional 69,018 shares during the last quarter. 15.53% of the stock is owned by institutional investors and hedge funds.
Banco Latinoamericano de Comerci Extr stock opened at $20.33 on Friday. The company has a debt-to-equity ratio of 2.52, a quick ratio of 2.49 and a current ratio of 2.18. Banco Latinoamericano de Comerci Extr SA has a 1 year low of $15.31 and a 1 year high of $27.89. The stock has a market capitalization of $796.29 million, a PE ratio of 72.61 and a beta of 1.36.
Banco Latinoamericano de Comerci Extr (NYSE:BLX) last posted its quarterly earnings results on Wednesday, April 17th. The bank reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.03. Banco Latinoamericano de Comerci Extr had a net margin of 6.15% and a return on equity of 7.27%. The company had revenue of $32.07 million for the quarter, compared to the consensus estimate of $36.60 million. On average, research analysts expect that Banco Latinoamericano de Comerci Extr SA will post 2.1 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Monday, April 29th were issued a $0.385 dividend. The ex-dividend date was Friday, April 26th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 7.58%. Banco Latinoamericano de Comerci Extr’s dividend payout ratio (DPR) is presently 550.00%.
BLX has been the topic of a number of recent research reports. ValuEngine upgraded shares of Banco Latinoamericano de Comerci Extr from a “strong sell” rating to a “sell” rating in a research report on Thursday, February 28th. Raymond James restated a “buy” rating and issued a $25.00 price target on shares of Banco Latinoamericano de Comerci Extr in a research report on Thursday, May 9th. Finally, BMO Capital Markets restated an “average” rating and issued a $22.00 price target on shares of Banco Latinoamericano de Comerci Extr in a research report on Sunday, March 3rd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Banco Latinoamericano de Comerci Extr currently has a consensus rating of “Hold” and a consensus target price of $22.75.
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Banco Latinoamericano de Comerci Extr 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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