Banco Latinoamericano de Comerci Extr (NYSE:BLX) Given New $25.00 Price Target at TD Securities

Banco Latinoamericano de Comerci Extr (NYSE:BLX) had its price objective lifted by TD Securities from $24.00 to $25.00 in a research report sent to investors on Friday morning, Stock Target Advisor reports. TD Securities currently has a buy rating on the bank’s stock.

BLX has been the topic of a number of other reports. CIBC raised their target price on shares of Banco Latinoamericano de Comerci Extr from $24.00 to $25.00 in a research report on Wednesday, October 23rd. TheStreet raised shares of Banco Latinoamericano de Comerci Extr from a d+ rating to a c rating in a report on Friday, August 2nd. Zacks Investment Research raised 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 report on Wednesday, September 25th. Finally, ValuEngine lowered shares of Banco Latinoamericano de Comerci Extr from a sell rating to a strong sell rating in a report on Saturday, August 31st. One investment 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. Banco Latinoamericano de Comerci Extr presently has an average rating of Buy and a consensus price target of $24.33.

Shares of NYSE:BLX traded up $0.43 during trading on Friday, reaching $22.08. 93,808 shares of the company were exchanged, compared to its average volume of 81,672. The firm has a market capitalization of $853.27 million, a PE ratio of 78.86 and a beta of 1.32. The business’s fifty day simple moving average is $20.10 and its 200-day simple moving average is $20.26. Banco Latinoamericano de Comerci Extr has a 12-month low of $16.02 and a 12-month high of $22.95. The company has a debt-to-equity ratio of 2.60, a current ratio of 2.20 and a quick ratio of 2.09.

Banco Latinoamericano de Comerci Extr (NYSE:BLX) last issued its earnings results on Friday, October 18th. The bank reported $0.52 EPS for the quarter, missing the Zacks’ 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 return on equity of 8.46% and a net margin of 28.00%. On average, sell-side analysts anticipate that Banco Latinoamericano de Comerci Extr will post 2.23 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, October 29th will be issued a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a yield of 6.97%. The ex-dividend date is Monday, October 28th. Banco Latinoamericano de Comerci Extr’s payout ratio is 550.00%.

A number of hedge funds have recently modified their holdings of BLX. Lee Danner & Bass Inc. increased its holdings in Banco Latinoamericano de Comerci Extr by 2.3% during the second quarter. Lee Danner & Bass Inc. now owns 605,614 shares of the bank’s stock valued at $12,615,000 after buying an additional 13,900 shares during the period. Beddow Capital Management Inc. boosted its stake 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 valued at $6,963,000 after acquiring an additional 30,939 shares in the last quarter. Thomas White International Ltd. boosted its stake 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 valued at $2,573,000 after acquiring an additional 3,702 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake 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 valued at $6,801,000 after acquiring an additional 2,470 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake 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 valued at $964,000 after acquiring an additional 4,021 shares in 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.

Recommended Story: How to Invest in Marijuana Stocks

Analyst Recommendations for Banco Latinoamericano de Comerci Extr (NYSE:BLX)

Receive News & Ratings for Banco Latinoamericano de Comerci Extr Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Latinoamericano de Comerci Extr and related companies with MarketBeat.com's FREE daily email newsletter.