Analysts Expect Banco Latinoamericano de Comerci Extr SA (BLX) to Announce $0.55 Earnings Per Share

Banco Latinoamericano de Comerci Extr SA (NYSE:BLX) has earned a consensus broker rating score of 5.00 (Strong Sell) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell rating.

Brokerages have set a 1 year consensus price objective of $25.50 for the company and are predicting that the company will post $0.55 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Banco Latinoamericano de Comerci Extr an industry rank of 156 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research lowered shares of Banco Latinoamericano de Comerci Extr from a “hold” rating to a “sell” rating in a research note on Wednesday, November 22nd.

Shares of Banco Latinoamericano de Comerci Extr (NYSE:BLX) traded up $0.13 during midday trading on Friday, hitting $30.01. 93,497 shares of the stock were exchanged, compared to its average volume of 105,873. The firm has a market capitalization of $1,181.34, a PE ratio of 15.79 and a beta of 1.64. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.63 and a quick ratio of 1.63. Banco Latinoamericano de Comerci Extr has a 1-year low of $25.51 and a 1-year high of $30.45.

Banco Latinoamericano de Comerci Extr (NYSE:BLX) last announced its quarterly earnings data on Friday, October 20th. The bank reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.04). Banco Latinoamericano de Comerci Extr had a net margin of 29.97% and a return on equity of 7.32%. The firm had revenue of $31.07 million during the quarter, compared to analysts’ expectations of $37.94 million. equities research analysts expect that Banco Latinoamericano de Comerci Extr will post 2.11 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Investors of record on Friday, February 2nd will be issued a $0.385 dividend. The ex-dividend date of this dividend is Thursday, February 1st. This represents a $1.54 annualized dividend and a yield of 5.13%. Banco Latinoamericano de Comerci Extr’s dividend payout ratio (DPR) is 81.05%.

Hedge funds have recently added to or reduced their stakes in the business. Sterling Capital Management LLC acquired a new stake in Banco Latinoamericano de Comerci Extr during the third quarter worth approximately $979,000. Rhumbline Advisers grew its position in shares of Banco Latinoamericano de Comerci Extr by 0.3% during the second quarter. Rhumbline Advisers now owns 37,617 shares of the bank’s stock worth $1,030,000 after acquiring an additional 108 shares during the last quarter. Schafer Cullen Capital Management Inc. grew its position in shares of Banco Latinoamericano de Comerci Extr by 3.0% during the second quarter. Schafer Cullen Capital Management Inc. now owns 123,279 shares of the bank’s stock worth $3,375,000 after acquiring an additional 3,620 shares during the last quarter. Uniplan Investment Counsel Inc. purchased a new position in shares of Banco Latinoamericano de Comerci Extr during the third quarter worth approximately $5,992,000. Finally, Paradice Investment Management LLC grew its position in shares of Banco Latinoamericano de Comerci Extr by 1.4% during the third quarter. Paradice Investment Management LLC now owns 1,913,236 shares of the bank’s stock worth $56,326,000 after acquiring an additional 27,077 shares during the last quarter. 15.75% of the stock is currently owned by institutional investors.

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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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