Estabrook Capital Management Trims Stake in Banco Latinoamericano de Comerci Extr SA (BLX)

Estabrook Capital Management reduced its position in shares of Banco Latinoamericano de Comerci Extr SA (NYSE:BLX) by 3.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 105,182 shares of the bank’s stock after selling 3,576 shares during the period. Estabrook Capital Management’s holdings in Banco Latinoamericano de Comerci Extr were worth $2,200,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Motley Fool Wealth Management LLC grew its holdings in shares of Banco Latinoamericano de Comerci Extr by 2.2% during the second quarter. Motley Fool Wealth Management LLC now owns 372,823 shares of the bank’s stock worth $9,175,000 after purchasing an additional 8,057 shares during the last quarter. American International Group Inc. bought a new stake in shares of Banco Latinoamericano de Comerci Extr during the third quarter worth about $425,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Banco Latinoamericano de Comerci Extr during the second quarter worth about $643,000. Globeflex Capital L P grew its holdings in shares of Banco Latinoamericano de Comerci Extr by 99.9% during the second quarter. Globeflex Capital L P now owns 55,437 shares of the bank’s stock worth $1,364,000 after purchasing an additional 27,701 shares during the last quarter. Finally, Paradice Investment Management LLC grew its holdings in shares of Banco Latinoamericano de Comerci Extr by 7.9% during the third quarter. Paradice Investment Management LLC now owns 2,320,357 shares of the bank’s stock worth $48,542,000 after purchasing an additional 169,313 shares during the last quarter. Institutional investors own 16.55% of the company’s stock.

Banco Latinoamericano de Comerci Extr stock opened at $17.64 on Monday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $697.45 million, a P/E ratio of 9.80 and a beta of 1.54. Banco Latinoamericano de Comerci Extr SA has a one year low of $15.31 and a one year high of $30.50.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 20th. Investors of record on Tuesday, November 6th were paid a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a dividend 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 currently 74.04%.

Several analysts have recently weighed in on BLX shares. JPMorgan Chase & Co. cut Banco Latinoamericano de Comerci Extr from a “neutral” rating to an “underweight” rating in a report on Thursday, October 25th. Zacks Investment Research upgraded Banco Latinoamericano de Comerci Extr from a “strong sell” rating to a “hold” rating in a report on Monday, August 13th. ValuEngine cut Banco Latinoamericano de Comerci Extr from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 15th. TheStreet cut Banco Latinoamericano de Comerci Extr from a “c” rating to a “d+” rating in a report on Thursday, November 1st. Finally, TD Securities restated a “buy” rating and set a $21.00 price target on shares of Banco Latinoamericano de Comerci Extr in a report on Monday, November 12th. Three equities research analysts have rated the stock with a sell rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $24.50.

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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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Institutional Ownership by Quarter for Banco Latinoamericano de Comerci Extr (NYSE:BLX)

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