Zacks: Banco Latinoamericano de Comerci Extr SA (BLX) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Banco Latinoamericano de Comerci Extr SA (NYSE:BLX) have been given an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating. Banco Latinoamericano de Comerci Extr’s rating score has improved by 40% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.

Analysts have set a 12 month consensus target price of $28.00 for the company and are predicting that the company will post $0.58 EPS for the current quarter, according to Zacks. Zacks has also given Banco Latinoamericano de Comerci Extr an industry rank of 79 out of 265 based on the ratings given to related companies.

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Several equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Banco Latinoamericano de Comerci Extr from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. JPMorgan Chase raised shares of Banco Latinoamericano de Comerci Extr from an “underweight” rating to a “neutral” rating and set a $28.00 price objective for the company in a research note on Thursday, February 15th.

Hedge funds have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. raised its stake in Banco Latinoamericano de Comerci Extr by 309.6% in the fourth quarter. Meeder Asset Management Inc. now owns 10,935 shares of the bank’s stock worth $293,000 after buying an additional 8,265 shares in the last quarter. Sterling Capital Management LLC bought a new position in Banco Latinoamericano de Comerci Extr in the third quarter worth about $979,000. Hanson & Doremus Investment Management bought a new position in Banco Latinoamericano de Comerci Extr in the fourth quarter worth about $4,187,000. Uniplan Investment Counsel Inc. bought a new position in Banco Latinoamericano de Comerci Extr in the third quarter worth about $5,992,000. Finally, Paradice Investment Management LLC raised its stake in Banco Latinoamericano de Comerci Extr by 2.0% in the fourth quarter. Paradice Investment Management LLC now owns 1,950,944 shares of the bank’s stock worth $52,480,000 after buying an additional 37,708 shares in the last quarter. 15.80% of the stock is owned by institutional investors.

Shares of NYSE:BLX traded down $0.40 during midday trading on Friday, hitting $28.58. 60,525 shares of the stock traded hands, compared to its average volume of 88,914. The company has a market cap of $1,125.05, a price-to-earnings ratio of 13.74 and a beta of 1.58. The company has a current ratio of 1.52, a quick ratio of 1.63 and a debt-to-equity ratio of 1.09. Banco Latinoamericano de Comerci Extr has a one year low of $25.51 and a one year high of $30.50.

Banco Latinoamericano de Comerci Extr (NYSE:BLX) last issued its quarterly earnings data on Friday, February 9th. The bank reported $0.52 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.03). The firm had revenue of $34.51 million for the quarter, compared to the consensus estimate of $35.67 million. Banco Latinoamericano de Comerci Extr had a net margin of 33.53% and a return on equity of 7.97%. research analysts forecast that Banco Latinoamericano de Comerci Extr will post 2.46 EPS for the current fiscal year.

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Banco Latinoamericano de Comerci Extr Company Profile

Banco Latinoamericano de Comercio Exterior, SA (the Bank) is a specialized multinational bank. The Bank is established to support the financing of trade and economic integration in Latin America and the Caribbean. The Company operates in two segments: Commercial and Treasury. The Bank’s Commercial segment incorporates all of the Bank’s financial intermediation and fees generated by the commercial portfolio activities, such as origination of bilateral and syndicated credits, short- and medium-term loans, acceptances and contingent credits.

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