Scotiabank Boosts Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Price Target to $42.00

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLXFree Report) had its price objective upped by Scotiabank from $38.00 to $42.00 in a research report report published on Wednesday, Benzinga reports. They currently have a sector outperform rating on the bank’s stock.

Separately, StockNews.com cut shares of Banco Latinoamericano de Comercio Exterior, S. A. from a buy rating to a hold rating in a research note on Tuesday, February 27th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Banco Latinoamericano de Comercio Exterior, S. A. presently has an average rating of Moderate Buy and an average target price of $38.50.

Read Our Latest Analysis on Banco Latinoamericano de Comercio Exterior, S. A.

Banco Latinoamericano de Comercio Exterior, S. A. Stock Performance

NYSE BLX opened at $28.68 on Wednesday. The stock has a market cap of $1.05 billion, a P/E ratio of 5.81 and a beta of 1.19. The company’s 50-day simple moving average is $29.78 and its 200 day simple moving average is $27.27. Banco Latinoamericano de Comercio Exterior, S. A. has a twelve month low of $20.01 and a twelve month high of $31.62. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 3.18.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLXGet Free Report) last posted its earnings results on Thursday, April 18th. The bank reported $1.40 earnings per share for the quarter. The business had revenue of $72.60 million for the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a net margin of 23.58% and a return on equity of 15.26%. As a group, research analysts forecast that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 earnings per share for the current fiscal year.

Banco Latinoamericano de Comercio Exterior, S. A. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Monday, April 29th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 6.97%. This is a boost from Banco Latinoamericano de Comercio Exterior, S. A.’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, April 26th. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio is currently 40.49%.

Institutional Trading of Banco Latinoamericano de Comercio Exterior, S. A.

Several large investors have recently added to or reduced their stakes in BLX. Ramirez Asset Management Inc. bought a new stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. during the third quarter valued at approximately $630,000. Diversified Trust Co bought a new stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. during the third quarter valued at approximately $488,000. Los Angeles Capital Management LLC grew its stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 21.2% during the fourth quarter. Los Angeles Capital Management LLC now owns 55,805 shares of the bank’s stock valued at $1,381,000 after purchasing an additional 9,771 shares during the last quarter. LSV Asset Management grew its stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 0.9% during the first quarter. LSV Asset Management now owns 962,524 shares of the bank’s stock valued at $28,510,000 after purchasing an additional 9,038 shares during the last quarter. Finally, Hillsdale Investment Management Inc. bought a new stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. during the first quarter valued at approximately $3,002,000. 19.47% of the stock is owned by institutional investors.

About Banco Latinoamericano de Comercio Exterior, S. A.

(Get Free Report)

Banco Latinoamericano de Comercio Exterior, S. A., 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 also offers bilateral loans; structured loans including syndicated and clubbed, such as acquisition and pre-export financing, A/B loan financing, bridge loans, and liability management; and project financing.

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