TD Securities reissued their buy rating on shares of Banco Latinoamericano de Comerci Extr (NYSE:BLX) in a report published on Monday. TD Securities currently has a $21.00 target price on the bank’s stock.

BLX has been the topic of a number of other reports. TheStreet lowered shares of Banco Latinoamericano de Comerci Extr from a c rating to a d+ rating in a research report on Thursday, November 1st. JPMorgan Chase & Co. lowered shares of Banco Latinoamericano de Comerci Extr from a neutral rating to an underweight rating in a research report on Thursday, October 25th. Zacks Investment Research raised shares of Banco Latinoamericano de Comerci Extr from a strong sell rating to a hold rating in a research report on Monday, August 13th. Finally, ValuEngine lowered shares of Banco Latinoamericano de Comerci Extr from a sell rating to a strong sell rating in a research report on Wednesday, August 15th. Three investment analysts have rated the stock with a sell rating and one has given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $24.50.

Shares of NYSE:BLX opened at $17.52 on Monday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.44. Banco Latinoamericano de Comerci Extr has a 12 month low of $15.31 and a 12 month high of $30.50. The stock has a market capitalization of $695.47 million, a P/E ratio of 8.42 and a beta of 1.54.

Banco Latinoamericano de Comerci Extr (NYSE:BLX) last announced its quarterly earnings results on Thursday, October 25th. The bank reported ($1.03) EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($1.53). Banco Latinoamericano de Comerci Extr had a net margin of 4.29% and a return on equity of 6.89%. The business had revenue of $29.70 million during the quarter, compared to the consensus estimate of $36.59 million. On average, sell-side analysts forecast that Banco Latinoamericano de Comerci Extr will post 0.18 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Tuesday, November 6th will be given a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a yield of 8.79%. The ex-dividend date is Monday, November 5th. Banco Latinoamericano de Comerci Extr’s dividend payout ratio (DPR) is currently 74.04%.

A number of institutional investors have recently bought and sold shares of BLX. American International Group Inc. purchased a new stake in Banco Latinoamericano de Comerci Extr in the 3rd quarter worth about $425,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Banco Latinoamericano de Comerci Extr during the second quarter worth approximately $643,000. Globeflex Capital L P increased its position in shares of Banco Latinoamericano de Comerci Extr by 99.9% during the second quarter. Globeflex Capital L P now owns 55,437 shares of the bank’s stock worth $1,364,000 after acquiring an additional 27,701 shares during the period. Motley Fool Wealth Management LLC increased its position in shares of Banco Latinoamericano de Comerci Extr by 2.2% during the second quarter. Motley Fool Wealth Management LLC now owns 372,823 shares of the bank’s stock worth $9,175,000 after acquiring an additional 8,057 shares during the period. Finally, Paradice Investment Management LLC increased its position in shares of Banco Latinoamericano de Comerci Extr by 7.9% during the third quarter. Paradice Investment Management LLC now owns 2,320,357 shares of the bank’s stock worth $48,542,000 after acquiring an additional 169,313 shares during the period. 16.02% 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, collateral-backed, short and medium term trade, and pre-export financing structured loans; and discounting of notes, cross-border leasing, pre- and post-export financing, import financing, letters of credit, bank guarantees, documentary collection, irrevocable reimbursement undertakings, bankers' acceptance, vendor finance, and ECA-backed financing services.

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