Banco Latinoamericano de Comerci Extr SA (NYSE:BLX) has been assigned a consensus rating of “Hold” from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $22.75.

A number of analysts recently commented on the company. Zacks Investment Research cut Banco Latinoamericano de Comerci Extr from a “buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine upgraded Banco Latinoamericano de Comerci Extr from a “strong sell” rating to a “sell” rating in a research report on Thursday, February 28th. Raymond James restated a “buy” rating and issued a $25.00 price target on shares of Banco Latinoamericano de Comerci Extr in a report on Thursday, May 9th. Finally, BMO Capital Markets restated an “average” rating and issued a $22.00 price target on shares of Banco Latinoamericano de Comerci Extr in a report on Sunday, March 3rd.

Banco Latinoamericano de Comerci Extr stock opened at $20.33 on Monday. The stock has a market cap of $792.74 million, a P/E ratio of 72.61 and a beta of 1.36. Banco Latinoamericano de Comerci Extr has a 52 week low of $15.31 and a 52 week high of $27.63.

Banco Latinoamericano de Comerci Extr (NYSE:BLX) last posted its quarterly earnings data on Wednesday, April 17th. The bank reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. The firm had revenue of $32.07 million during 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%. As a group, analysts expect that Banco Latinoamericano de Comerci Extr will post 2.1 earnings per share for the current year.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Advisors Asset Management Inc. purchased a new stake in Banco Latinoamericano de Comerci Extr in the 1st quarter valued at about $732,000. Rhumbline Advisers grew its holdings in Banco Latinoamericano de Comerci Extr by 43.4% in the 4th quarter. Rhumbline Advisers now owns 43,366 shares of the bank’s stock valued at $750,000 after buying an additional 13,131 shares during the period. Thomas White International Ltd. grew its holdings in 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 valued at $2,387,000 after buying an additional 23,320 shares during the period. Parametric Portfolio Associates LLC lifted 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 valued at $6,455,000 after purchasing an additional 22,706 shares in the last quarter. Finally, Motley Fool Wealth Management LLC lifted 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 valued at $7,983,000 after purchasing an additional 9,225 shares in the last quarter. Institutional investors own 16.03% of the company’s stock.

About Banco Latinoamericano de Comerci Extr

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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