Banco Latinoamericano de Comerci Extr (NYSE:BLX) Issues Earnings Results

Banco Latinoamericano de Comerci Extr (NYSE:BLX) announced its quarterly earnings data on Friday. The bank reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.01, Morningstar.com reports. Banco Latinoamericano de Comerci Extr had a return on equity of 7.27% and a net margin of 6.15%. The company had revenue of $33.63 million for the quarter, compared to analyst estimates of $34.31 million.

Shares of BLX opened at $21.49 on Friday. Banco Latinoamericano de Comerci Extr has a twelve month low of $15.31 and a twelve month high of $24.63. The firm has a 50 day simple moving average of $20.56. The stock has a market cap of $849.67 million, a price-to-earnings 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 lifted its position in shares of Banco Latinoamericano de Comerci Extr SA (NYSE:BLX) by 0.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 464,521 shares of the bank’s stock after acquiring 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 currently owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on BLX shares. Zacks Investment Research raised GCP Applied Technologies from a “sell” rating to a “hold” rating in a report on Friday, May 31st. Raymond James reaffirmed an “average” rating and issued a $4.50 price objective on shares of John Hancock Financial Opprts Fund in a report on Thursday, May 9th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Banco Latinoamericano de Comerci Extr presently 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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