The Analysts Set $30.00 Target Price for Banco Latinoamericano de Comercio Exterior, S.A. (BLX), Report finds

The Analysts Set $30.00 Target Price for Banco Latinoamericano de Comercio Exterior, S.A. (BLX), Report finds

Brokerages have set a one year consensus price target of $30.00 for the company and are expecting that the company will post $0.72 earnings per share for the current quarter, according to Zacks. Zacks has also given Banco Latinoamericano de Comercio Exterior, an industry rank of 81 out of 265 based on the ratings given to its competitors.

Shares of Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) have earned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.

A number of brokerages have weighed in on BLX. Deutsche Bank AG cut shares of Banco Latinoamericano de Comercio Exterior, from a “buy” rating to a “hold” rating and reduced their price target for the company from $31.00 to $29.00 in a research report on Tuesday, January 24th. S&P Equity Research lowered shares of Banco Latinoamericano de Comercio Exterior, from a “buy” rating to a “hold” rating in a research note on Friday, January 20th. Zacks Investment Research upgraded shares of Banco Latinoamericano de Comercio Exterior, from a “sell” rating to a “hold” rating in a research note on Monday, December 26th. Finally, J P Morgan Chase & Co lowered shares of Banco Latinoamericano de Comercio Exterior, from an “overweight” rating to a “neutral” rating in a research note on Thursday, October 20th.

Hedge funds have recently modified their holdings of the company. Trust Co. of Vermont raised its position in shares of Banco Latinoamericano de Comercio Exterior, by 525.0% in the third quarter. Trust Co. of Vermont now owns 6,250 shares of the company’s stock valued at $176,000 after buying an additional 5,250 shares in the last quarter. Crow Point Partners LLC bought a new position in shares of Banco Latinoamericano de Comercio Exterior, during the third quarter valued at approximately $199,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Banco Latinoamericano de Comercio Exterior, during the third quarter valued at approximately $228,000. Capital Fund Management S.A. bought a new position in shares of Banco Latinoamericano de Comercio Exterior, during the third quarter valued at approximately $428,000. Finally, Schafer Cullen Capital Management Inc. bought a new position in shares of Banco Latinoamericano de Comercio Exterior, during the third quarter valued at approximately $570,000. Institutional investors and hedge funds own 16.33% of the company’s stock.

Shares of Banco Latinoamericano de Comercio Exterior, (NYSE:BLX) opened at 27.84 on Wednesday. Banco Latinoamericano de Comercio Exterior, has a 52 week low of $19.63 and a 52 week high of $30.51. The firm has a market cap of $1.09 billion, a PE ratio of 11.27 and a beta of 1.60. The company’s 50-day moving average is $28.35 and its 200-day moving average is $28.26.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 16th. Stockholders of record on Wednesday, February 1st will be paid a dividend of $0.385 per share. The ex-dividend date of this dividend is Monday, January 30th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 5.53%. Banco Latinoamericano de Comercio Exterior,’s dividend payout ratio is currently 62.35%.

Banco Latinoamericano de Comercio Exterior, 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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