Banco Latinoamericano de Comerci Extr SA (NYSE:BLX) has earned an average recommendation of “Hold” from the eight analysts that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $22.80.

Several research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Banco Latinoamericano de Comerci Extr from a “hold” rating to a “strong-buy” rating and set a $23.00 price target for the company in a research note on Friday, May 31st. Raymond James restated a “buy” rating and set a $25.00 price objective on shares of Banco Latinoamericano de Comerci Extr in a research note on Thursday, May 9th. BMO Capital Markets restated an “average” rating and set a $22.00 price objective on shares of Banco Latinoamericano de Comerci Extr in a research note on Sunday, March 3rd. Finally, ValuEngine upgraded shares of Banco Latinoamericano de Comerci Extr from a “strong sell” rating to a “sell” rating in a research note on Thursday, February 28th.

Shares of Banco Latinoamericano de Comerci Extr stock remained flat at $$20.72 during trading on Friday. 985 shares of the company traded hands, compared to its average volume of 73,884. The company has a market cap of $820.46 million, a price-to-earnings ratio of 74.00 and a beta of 1.34. Banco Latinoamericano de Comerci Extr has a 52 week low of $15.31 and a 52 week high of $26.16.

Banco Latinoamericano de Comerci Extr (NYSE:BLX) last issued its quarterly earnings results on Wednesday, April 17th. The bank reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.03. The company had revenue of $32.07 million during the quarter, compared to analyst estimates of $36.60 million. Banco Latinoamericano de Comerci Extr had a net margin of 6.15% and a return on equity of 7.27%. Analysts predict that Banco Latinoamericano de Comerci Extr will post 2.2 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Monday, April 29th were paid a dividend of $0.385 per share. The ex-dividend date of this dividend was Friday, April 26th. This represents a $1.54 dividend on an annualized basis and a yield of 7.43%. Banco Latinoamericano de Comerci Extr’s dividend payout ratio is currently 550.00%.

A number of large investors have recently added to or reduced their stakes in BLX. Advisors Asset Management Inc. bought a new stake in Banco Latinoamericano de Comerci Extr during the 1st quarter valued at about $732,000. Rhumbline Advisers increased its stake in Banco Latinoamericano de Comerci Extr by 43.4% during the 4th quarter. Rhumbline Advisers now owns 43,366 shares of the bank’s stock valued at $750,000 after purchasing an additional 13,131 shares in the last quarter. Thomas White International Ltd. boosted its holdings in shares of Banco Latinoamericano de Comerci Extr by 24.2% during the 1st quarter. Thomas White International Ltd. now owns 119,844 shares of the bank’s stock valued at $2,387,000 after acquiring an additional 23,320 shares during the last quarter. Parametric Portfolio Associates LLC boosted its holdings in shares of Banco Latinoamericano de Comerci Extr by 7.5% during the 1st quarter. Parametric Portfolio Associates LLC now owns 324,030 shares of the bank’s stock valued at $6,455,000 after acquiring an additional 22,706 shares during the last quarter. Finally, Motley Fool Wealth Management LLC boosted its holdings in shares of Banco Latinoamericano de Comerci Extr by 2.0% during the 4th quarter. Motley Fool Wealth Management LLC now owns 461,427 shares of the bank’s stock valued at $7,983,000 after acquiring an additional 9,225 shares during the last quarter. Institutional investors and hedge funds own 15.79% 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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