Zacks: Banco Latinoamericano de Comerci Extr SA (BLX) Given $16.00 Average Target Price by Analysts

Banco Latinoamericano de Comerci Extr SA (NYSE:BLX) has been given a consensus broker rating score of 5.00 (Strong Sell) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong sell rating. Banco Latinoamericano de Comerci Extr’s rating score has declined by 66.7% in the last three months as a result of various analysts’ upgrades and downgrades.

Analysts have set a 12-month consensus price target of $16.00 for the company and are expecting that the company will post $0.43 EPS for the current quarter, according to Zacks. Zacks has also given Banco Latinoamericano de Comerci Extr an industry rank of 206 out of 257 based on the ratings given to related companies.

A number of research analysts have recently weighed in on the stock. TD Securities reissued a “buy” rating and set a $21.00 target price on shares of Banco Latinoamericano de Comerci Extr in a research report on Monday, November 12th. TheStreet downgraded shares of Banco Latinoamericano de Comerci Extr from a “c” rating to a “d+” rating in a research report on Thursday, November 1st. Zacks Investment Research downgraded shares of Banco Latinoamericano de Comerci Extr from a “hold” rating to a “strong sell” rating in a research report on Monday, October 29th. JPMorgan Chase & Co. downgraded shares of Banco Latinoamericano de Comerci Extr from a “neutral” rating to an “underweight” rating in a research report on Thursday, October 25th. Finally, ValuEngine downgraded shares of Banco Latinoamericano de Comerci Extr from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 15th.

Several institutional investors have recently bought and sold shares of BLX. American International Group Inc. purchased a new stake in shares of Banco Latinoamericano de Comerci Extr during the 3rd quarter valued at $425,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Banco Latinoamericano de Comerci Extr during the 2nd quarter valued at $643,000. Globeflex Capital L P raised its position in shares of Banco Latinoamericano de Comerci Extr by 99.9% during the 2nd quarter. Globeflex Capital L P now owns 55,437 shares of the bank’s stock valued at $1,364,000 after buying an additional 27,701 shares in the last quarter. Motley Fool Wealth Management LLC raised its position in shares of Banco Latinoamericano de Comerci Extr by 2.2% during the 2nd quarter. Motley Fool Wealth Management LLC now owns 372,823 shares of the bank’s stock valued at $9,175,000 after buying an additional 8,057 shares in the last quarter. Finally, Paradice Investment Management LLC grew its holdings in shares of Banco Latinoamericano de Comerci Extr by 7.9% during the 3rd quarter. Paradice Investment Management LLC now owns 2,320,357 shares of the bank’s stock valued at $48,542,000 after purchasing an additional 169,313 shares during the last quarter. Hedge funds and other institutional investors own 16.55% of the company’s stock.

BLX stock traded down $0.17 during trading on Tuesday, reaching $17.64. The stock had a trading volume of 93,416 shares, compared to its average volume of 203,581. Banco Latinoamericano de Comerci Extr has a one year low of $15.31 and a one year high of $30.50. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.59 and a current ratio of 1.59. The company has a market capitalization of $697.45 million, a price-to-earnings ratio of 8.48 and a beta of 1.54.

Banco Latinoamericano de Comerci Extr (NYSE:BLX) last issued its quarterly earnings data on Thursday, October 25th. The bank reported ($1.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($1.53). Banco Latinoamericano de Comerci Extr had a return on equity of 6.89% and a net margin of 4.29%. The firm had revenue of $29.70 million during the quarter, compared to the consensus estimate of $36.59 million. On average, sell-side analysts forecast that Banco Latinoamericano de Comerci Extr will post 0.18 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 20th. Shareholders of record on Tuesday, November 6th were paid a $0.385 dividend. This represents a $1.54 annualized dividend and a yield of 8.73%. The ex-dividend date of this dividend was Monday, November 5th. Banco Latinoamericano de Comerci Extr’s dividend payout ratio is presently 74.04%.

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, collateral-backed, short and medium term trade, and pre-export financing structured loans; and discounting of notes, cross-border leasing, pre- and post-export financing, import financing, letters of credit, bank guarantees, documentary collection, irrevocable reimbursement undertakings, bankers' acceptance, vendor finance, and ECA-backed financing services.

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