Banco Latinoamericano de Comerci Extr (NYSE:BLX) PT Raised to $25.00

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Banco Latinoamericano de Comerci Extr (NYSE:BLX) had its target price upped by stock analysts at TD Securities from $24.00 to $25.00 in a research report issued to clients and investors on Friday, Stock Target Advisor reports. The brokerage presently has a “buy” rating on the bank’s stock. TD Securities’ price objective would suggest a potential upside of 13.22% from the company’s previous close.

Several other research firms have also recently weighed in on BLX. Zacks Investment Research upgraded shares of Banco Latinoamericano de Comerci Extr from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Wednesday, September 25th. 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. TheStreet upgraded shares of Banco Latinoamericano de Comerci Extr from a “d+” rating to a “c” rating in a research report on Friday, August 2nd. Finally, CIBC raised their price objective on shares of Banco Latinoamericano de Comerci Extr from $24.00 to $25.00 in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. Banco Latinoamericano de Comerci Extr presently has a consensus rating of “Buy” and an average target price of $24.33.

Shares of Banco Latinoamericano de Comerci Extr stock traded up $0.43 on Friday, hitting $22.08. 93,808 shares of the company traded hands, compared to its average volume of 81,672. The firm’s 50-day simple moving average is $20.10 and its 200 day simple moving average is $20.26. 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 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 has a 12-month low of $16.02 and a 12-month high of $22.95.

Banco Latinoamericano de Comerci Extr (NYSE:BLX) last posted its quarterly earnings data on Friday, October 18th. The bank reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.05). The company 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%. Analysts predict that Banco Latinoamericano de Comerci Extr will post 2.23 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Thomas White International Ltd. grew its holdings in shares of Banco Latinoamericano de Comerci Extr by 3.1% during the 2nd quarter. Thomas White International Ltd. now owns 123,546 shares of the bank’s stock valued at $2,573,000 after purchasing an additional 3,702 shares during the last quarter. Paradice Investment Management LLC grew its holdings in shares of Banco Latinoamericano de Comerci Extr by 2.0% during the 3rd quarter. Paradice Investment Management LLC now owns 2,466,850 shares of the bank’s stock valued at $49,189,000 after purchasing an additional 47,355 shares during the last quarter. Beddow Capital Management Inc. grew its holdings in shares of Banco Latinoamericano de Comerci Extr by 10.2% during the 2nd quarter. Beddow Capital Management Inc. now owns 334,292 shares of the bank’s stock valued at $6,963,000 after purchasing an additional 30,939 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of Banco Latinoamericano de Comerci Extr by 0.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 326,500 shares of the bank’s stock valued at $6,801,000 after purchasing an additional 2,470 shares during the last quarter. Finally, Lee Danner & Bass Inc. grew its holdings in shares of Banco Latinoamericano de Comerci Extr by 2.3% during the 2nd quarter. Lee Danner & Bass Inc. now owns 605,614 shares of the bank’s stock valued at $12,615,000 after purchasing an additional 13,900 shares during the last quarter. 15.49% of the stock is currently owned by institutional investors.

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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