Banco Latinoamericano de Comerci Extr (NYSE:BLX) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Banco Latinoamericano de Comerci Extr (NYSE:BLX) issued its quarterly earnings results on Friday. The bank reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01, Morningstar.com reports. Banco Latinoamericano de Comerci Extr had a net margin of 7.80% and a return on equity of 7.94%. The firm had revenue of $33.63 million during the quarter, compared to analyst estimates of $34.31 million.

BLX opened at $21.49 on Monday. Banco Latinoamericano de Comerci Extr has a 52-week low of $15.31 and a 52-week high of $24.63. The stock’s 50 day simple moving average is $20.56. The stock has a market capitalization of $849.67 million, a P/E ratio of 76.75 and a beta of 1.29.

An institutional investor recently raised its position in Banco Latinoamericano de Comerci Extr stock. Motley Fool Wealth Management LLC grew its holdings in shares of Banco Latinoamericano de Comerci Extr SA (NYSE:BLX) by 0.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 464,521 shares of the bank’s stock after buying an additional 3,094 shares during the quarter. Motley Fool Wealth Management LLC owned 1.17% of Banco Latinoamericano de Comerci Extr worth $9,253,000 at the end of the most recent quarter. 15.79% of the stock is owned by institutional investors and hedge funds.



Several brokerages recently commented on BLX. Raymond James reaffirmed an “average” rating and set a $4.50 price target on shares of John Hancock Financial Opprts Fund in a research report on Thursday, May 9th. Zacks Investment Research raised shares of GCP Applied Technologies from a “sell” rating to a “hold” rating in a research report on Friday, May 31st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Banco Latinoamericano de Comerci Extr currently has a consensus rating of “Hold” and an average price target of $22.80.

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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Earnings History for Banco Latinoamericano de Comerci Extr (NYSE:BLX)

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