National Bank Financial Increases Banco Latinoamericano de Comerci Extr (NYSE:BLX) Price Target to $26.00

Banco Latinoamericano de Comerci Extr (NYSE:BLX) had its price objective boosted by analysts at National Bank Financial from $25.00 to $26.00 in a report released on Friday, Stock Target Advisor reports. The brokerage presently has an “outperform” rating on the bank’s stock. National Bank Financial’s price objective indicates a potential upside of 17.75% from the stock’s current price.

Several other research analysts have also recently issued reports on BLX. ValuEngine cut shares of Banco Latinoamericano de Comerci Extr from a “sell” rating to a “strong sell” rating in a report on Saturday, August 31st. TD Securities increased their target price on shares of Banco Latinoamericano de Comerci Extr from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Friday. Zacks Investment Research upgraded shares of Banco Latinoamericano de Comerci Extr from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Wednesday, September 25th. CIBC raised their price target on shares of Banco Latinoamericano de Comerci Extr from $24.00 to $25.00 in a report on Wednesday, October 23rd. Finally, TheStreet upgraded shares of Banco Latinoamericano de Comerci Extr from a “d+” rating to a “c” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $24.33.

Banco Latinoamericano de Comerci Extr stock traded up $0.43 during midday trading on Friday, hitting $22.08. 93,808 shares of the company’s stock were exchanged, compared to its average volume of 81,672. The company has a debt-to-equity ratio of 2.60, a quick ratio of 2.09 and a current ratio of 2.20. Banco Latinoamericano de Comerci Extr has a 12 month low of $16.02 and a 12 month high of $22.95. The firm has a 50-day moving average of $20.10 and a two-hundred day moving average of $20.26. The company has a market cap of $853.27 million, a PE ratio of 78.86 and a beta of 1.32.

Banco Latinoamericano de Comerci Extr (NYSE:BLX) last issued its earnings results on Friday, October 18th. The bank reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.05). Banco Latinoamericano de Comerci Extr had a return on equity of 8.46% and a net margin of 28.00%. The business had revenue of $29.52 million for the quarter, compared to the consensus estimate of $35.00 million. As a group, equities analysts expect that Banco Latinoamericano de Comerci Extr will post 2.23 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in the company. Paradice Investment Management LLC boosted its holdings in shares of Banco Latinoamericano de Comerci Extr by 2.0% in the 3rd quarter. Paradice Investment Management LLC now owns 2,466,850 shares of the bank’s stock valued at $49,189,000 after buying an additional 47,355 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Banco Latinoamericano de Comerci Extr by 9.1% in the 3rd quarter. Rhumbline Advisers now owns 48,347 shares of the bank’s stock valued at $964,000 after buying an additional 4,021 shares in the last quarter. Parametric Portfolio Associates LLC boosted its holdings in shares of Banco Latinoamericano de Comerci Extr by 0.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 326,500 shares of the bank’s stock valued at $6,801,000 after buying an additional 2,470 shares in the last quarter. Thomas White International Ltd. boosted its holdings in shares of Banco Latinoamericano de Comerci Extr by 3.1% in the 2nd quarter. Thomas White International Ltd. now owns 123,546 shares of the bank’s stock valued at $2,573,000 after buying an additional 3,702 shares in the last quarter. Finally, Beddow Capital Management Inc. boosted its holdings in shares of Banco Latinoamericano de Comerci Extr by 10.2% in the 2nd quarter. Beddow Capital Management Inc. now owns 334,292 shares of the bank’s stock valued at $6,963,000 after buying an additional 30,939 shares in the last quarter. Institutional investors and hedge funds own 15.49% of the company’s stock.

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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