Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Downgraded by Wall Street Zen to Hold

Wall Street Zen downgraded shares of Banco Latinoamericano de Comercio Exterior (NYSE:BLX) from a buy rating to a hold rating in a research report sent to investors on Saturday.

Separately, Weiss Ratings restated a “buy (b+)” rating on shares of Banco Latinoamericano de Comercio Exterior in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Banco Latinoamericano de Comercio Exterior currently has a consensus rating of “Strong Buy”.

Banco Latinoamericano de Comercio Exterior Trading Up 0.4%

Shares of Banco Latinoamericano de Comercio Exterior stock opened at $44.60 on Friday. The firm has a market capitalization of $1.66 billion, a PE ratio of 7.42 and a beta of 0.90. Banco Latinoamericano de Comercio Exterior has a 12 month low of $31.14 and a 12 month high of $48.38. The business’s 50-day moving average price is $45.61 and its 200-day moving average price is $43.06.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last announced its quarterly earnings data on Tuesday, October 28th. The bank reported $1.48 earnings per share for the quarter. Banco Latinoamericano de Comercio Exterior had a net margin of 26.58% and a return on equity of 16.18%. The firm had revenue of $82.78 million during the quarter. As a group, analysts predict that Banco Latinoamericano de Comercio Exterior will post 4.6 earnings per share for the current fiscal year.

Banco Latinoamericano de Comercio Exterior Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Monday, November 10th will be paid a dividend of $0.625 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $2.50 annualized dividend and a dividend yield of 5.6%. Banco Latinoamericano de Comercio Exterior’s payout ratio is 41.60%.

Institutional Trading of Banco Latinoamericano de Comercio Exterior

Several large investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. increased its position in Banco Latinoamericano de Comercio Exterior by 36.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 2,859 shares of the bank’s stock valued at $105,000 after purchasing an additional 769 shares during the period. LSV Asset Management boosted its stake in shares of Banco Latinoamericano de Comercio Exterior by 2.4% during the 1st quarter. LSV Asset Management now owns 1,185,460 shares of the bank’s stock valued at $43,388,000 after purchasing an additional 27,285 shares in the last quarter. Ramirez Asset Management Inc. increased its position in shares of Banco Latinoamericano de Comercio Exterior by 20.3% during the second quarter. Ramirez Asset Management Inc. now owns 35,718 shares of the bank’s stock valued at $1,439,000 after buying an additional 6,020 shares during the period. PNC Financial Services Group Inc. bought a new position in Banco Latinoamericano de Comercio Exterior in the second quarter worth about $25,000. Finally, EMC Capital Management bought a new position in Banco Latinoamericano de Comercio Exterior in the second quarter worth about $273,000. Institutional investors own 19.47% of the company’s stock.

Banco Latinoamericano de Comercio Exterior Company Profile

Banco Latinoamericano de Comercio Exterior, S. A., a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. The company operates in two segments, Commercial and Treasury. It offers bilateral loans; structured loans including syndicated and clubbed, such as acquisition and pre-export financing, A/B loan financing, bridge loans, and liability management; and project financing.