Zacks Investment Research downgraded shares of Banco Latinoamericano de Comerci Extr (NYSE:BLX) from a buy rating to a hold rating in a report published on Tuesday morning, Zacks.com reports.

According to Zacks, “Banco Latinoamericano de Exportaciones, S.A. was established to finance the foreign trade of the countries in the Latin American and Caribbean region. The Bank focuses on short-term trade-related loans to borrowers who then loan the funds to various businesses and govermnent institutions involved in foreign trade. “

BLX has been the topic of several other reports. BMO Capital Markets reissued an average rating and set a $22.00 price target on shares of Banco Latinoamericano de Comerci Extr in a report on Sunday, March 3rd. Raymond James restated a buy rating and issued a $25.00 price objective on shares of Banco Latinoamericano de Comerci Extr in a research note on Thursday, May 9th. Finally, ValuEngine upgraded Banco Latinoamericano de Comerci Extr from a strong sell rating to a sell rating in a research note on Thursday, February 28th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Banco Latinoamericano de Comerci Extr currently has a consensus rating of Hold and an average target price of $22.75.

NYSE BLX opened at $20.33 on Tuesday. The firm has a market cap of $792.74 million, a PE ratio of 72.61 and a beta of 1.36. Banco Latinoamericano de Comerci Extr has a 1-year low of $15.31 and a 1-year high of $27.63.

Banco Latinoamericano de Comerci Extr (NYSE:BLX) last released its quarterly earnings results on Wednesday, April 17th. The bank reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.03. The firm had revenue of $32.07 million for the quarter, compared to analysts’ expectations of $36.60 million. Banco Latinoamericano de Comerci Extr had a return on equity of 7.27% and a net margin of 6.15%. On average, sell-side analysts predict that Banco Latinoamericano de Comerci Extr will post 2.1 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Monday, April 29th were paid a $0.385 dividend. The ex-dividend date of this dividend was Friday, April 26th. This represents a $1.54 annualized dividend and a dividend yield of 7.58%. Banco Latinoamericano de Comerci Extr’s dividend payout ratio (DPR) is 550.00%.

Large investors have recently bought and sold shares of the company. Advisors Asset Management Inc. purchased a new stake in shares of Banco Latinoamericano de Comerci Extr in the 1st quarter worth $732,000. Rhumbline Advisers increased its stake in shares of Banco Latinoamericano de Comerci Extr by 43.4% in the 4th quarter. Rhumbline Advisers now owns 43,366 shares of the bank’s stock worth $750,000 after purchasing an additional 13,131 shares in the last quarter. Thomas White International Ltd. increased its stake in shares of Banco Latinoamericano de Comerci Extr by 24.2% in the 1st quarter. Thomas White International Ltd. now owns 119,844 shares of the bank’s stock worth $2,387,000 after purchasing an additional 23,320 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Banco Latinoamericano de Comerci Extr by 7.5% in the 1st quarter. Parametric Portfolio Associates LLC now owns 324,030 shares of the bank’s stock worth $6,455,000 after purchasing an additional 22,706 shares in the last quarter. Finally, Motley Fool Wealth Management LLC increased its stake in shares of Banco Latinoamericano de Comerci Extr by 2.0% in the 4th quarter. Motley Fool Wealth Management LLC now owns 461,427 shares of the bank’s stock worth $7,983,000 after purchasing an additional 9,225 shares in the last quarter. Hedge funds and other institutional investors own 16.03% of the company’s stock.

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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