Banco Latinoamericano de Comerci Extr (NYSE:BLX) Stock Rating Reaffirmed by Raymond James

Banco Latinoamericano de Comerci Extr (NYSE:BLX)‘s stock had its “outperform” rating reissued by investment analysts at Raymond James in a research report issued on Friday, Stock Target Advisor reports. They currently have a $26.00 price objective on the bank’s stock. Raymond James’ price target indicates a potential upside of 17.75% from the company’s previous close.

Several other equities research analysts have also recently commented on the company. National Bank Financial upped their price target on Banco Latinoamericano de Comerci Extr from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday. CIBC upped their price target on Banco Latinoamericano de Comerci Extr from $24.00 to $25.00 in a research note on Wednesday, October 23rd. TheStreet upgraded Banco Latinoamericano de Comerci Extr from a “d+” rating to a “c” rating in a research note on Friday, August 2nd. ValuEngine cut Banco Latinoamericano de Comerci Extr from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 31st. Finally, Zacks Investment Research upgraded Banco Latinoamericano de Comerci Extr from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Wednesday, September 25th. One equities research 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. The company has a consensus rating of “Buy” and a consensus target price of $24.33.

Shares of Banco Latinoamericano de Comerci Extr stock traded up $0.43 during trading hours on Friday, hitting $22.08. 93,808 shares of the company were exchanged, compared to its average volume of 81,672. Banco Latinoamericano de Comerci Extr has a 1 year low of $16.02 and a 1 year high of $22.95. 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 business has a 50-day moving average of $20.10 and a 200-day moving average of $20.26. The stock has a market capitalization of $853.27 million, a price-to-earnings ratio of 78.86 and a beta of 1.32.

Banco Latinoamericano de Comerci Extr (NYSE:BLX) last released its quarterly earnings results on Friday, October 18th. The bank reported $0.52 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 for the quarter, compared to analysts’ expectations of $35.00 million. As a group, research analysts anticipate that Banco Latinoamericano de Comerci Extr will post 2.23 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in BLX. Rhumbline Advisers raised its position in 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 in the last quarter. Thomas White International Ltd. raised its position in 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 in the last quarter. Parametric Portfolio Associates LLC raised its position 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 acquiring an additional 2,470 shares in the last quarter. Beddow Capital Management Inc. raised its position in 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 in the last quarter. Finally, Lee Danner & Bass Inc. raised its position in 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 in the last quarter. Hedge funds and other institutional investors own 15.49% of the company’s stock.

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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