Banco Latinoamericano de Comerci Extr’s (BLX) Outperform Rating Reaffirmed at Raymond James

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

BLX has been the subject of a number of other research reports. 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 report on Wednesday, September 25th. TheStreet raised Banco Latinoamericano de Comerci Extr from a “d+” rating to a “c” rating in a research note on Friday, August 2nd. TD Securities increased their price objective on Banco Latinoamericano de Comerci Extr from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday. National Bank Financial increased their price objective 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. Finally, CIBC increased their price objective on Banco Latinoamericano de Comerci Extr from $24.00 to $25.00 in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $24.33.

NYSE:BLX opened at $22.08 on Friday. The company has a quick ratio of 2.09, a current ratio of 2.20 and a debt-to-equity ratio of 2.60. Banco Latinoamericano de Comerci Extr has a 1-year low of $16.02 and a 1-year high of $22.95. The firm has a market capitalization of $853.27 million, a price-to-earnings ratio of 78.86 and a beta of 1.32. The stock has a fifty day simple moving average of $20.10 and a 200 day simple moving average of $20.26.

Banco Latinoamericano de Comerci Extr (NYSE:BLX) last released its quarterly earnings results on Friday, October 18th. The bank reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.05). Banco Latinoamericano de Comerci Extr had a net margin of 28.00% and a return on equity of 8.46%. The company had revenue of $29.52 million during the quarter, compared to analyst estimates of $35.00 million. Equities analysts predict that Banco Latinoamericano de Comerci Extr will post 2.23 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers lifted its stake in Banco Latinoamericano de Comerci Extr by 9.1% in the 3rd 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. lifted its stake in Banco Latinoamericano de Comerci Extr by 3.1% in the 2nd 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 lifted its stake in Banco Latinoamericano de Comerci Extr by 0.8% in the 2nd 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. lifted its stake in Banco Latinoamericano de Comerci Extr by 10.2% in the 2nd 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. lifted its stake in Banco Latinoamericano de Comerci Extr by 2.3% in the 2nd 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. 15.49% of the stock is owned by hedge funds and other 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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Analyst Recommendations for Banco Latinoamericano de Comerci Extr (NYSE:BLX)

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