$0.56 EPS Expected for Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) This Quarter

Equities research analysts predict that Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) will report earnings of $0.56 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Banco Latinoamericano de Comercio Exterior,’s earnings. Banco Latinoamericano de Comercio Exterior, reported earnings of $0.71 per share during the same quarter last year, which would indicate a negative year over year growth rate of 21.1%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, October 18th.

According to Zacks, analysts expect that Banco Latinoamericano de Comercio Exterior, will report full year earnings of $2.19 per share for the current fiscal year. For the next financial year, analysts forecast that the company will report earnings of $2.57 per share. Zacks’ earnings per share calculations are an average based on a survey of research analysts that cover Banco Latinoamericano de Comercio Exterior,.

Banco Latinoamericano de Comercio Exterior, (NYSE:BLX) last issued its quarterly earnings data on Friday, July 21st. The bank reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.21. Banco Latinoamericano de Comercio Exterior, had a return on equity of 8.09% and a net margin of 31.94%. The business had revenue of $34.41 million for the quarter.

Several analysts recently commented on BLX shares. BidaskClub lowered shares of Banco Latinoamericano de Comercio Exterior, from a “hold” rating to a “sell” rating in a research note on Friday. J P Morgan Chase & Co lowered shares of Banco Latinoamericano de Comercio Exterior, from a “neutral” rating to an “underweight” rating and cut their target price for the company from $28.00 to $26.00 in a research note on Friday, July 21st. Finally, Zacks Investment Research raised shares of Banco Latinoamericano de Comercio Exterior, from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $27.50.

Several large investors have recently modified their holdings of the stock. Eqis Capital Management Inc. increased its stake in shares of Banco Latinoamericano de Comercio Exterior, by 70.1% in the first quarter. Eqis Capital Management Inc. now owns 13,843 shares of the bank’s stock valued at $384,000 after buying an additional 5,706 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of Banco Latinoamericano de Comercio Exterior, by 74.3% in the first quarter. Parametric Portfolio Associates LLC now owns 68,052 shares of the bank’s stock valued at $1,888,000 after buying an additional 29,008 shares during the period. Schafer Cullen Capital Management Inc. increased its stake in shares of Banco Latinoamericano de Comercio Exterior, by 3.5% in the first quarter. Schafer Cullen Capital Management Inc. now owns 119,659 shares of the bank’s stock valued at $3,319,000 after buying an additional 4,085 shares during the period. Hanson & Doremus Investment Management purchased a new stake in shares of Banco Latinoamericano de Comercio Exterior, during the second quarter valued at approximately $4,141,000. Finally, Beddow Capital Management Inc. increased its stake in shares of Banco Latinoamericano de Comercio Exterior, by 2.7% in the first quarter. Beddow Capital Management Inc. now owns 268,274 shares of the bank’s stock valued at $7,442,000 after buying an additional 7,050 shares during the period. Institutional investors and hedge funds own 15.77% of the company’s stock.

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Shares of Banco Latinoamericano de Comercio Exterior, (BLX) traded up 0.29% on Wednesday, hitting $26.31. 120,649 shares of the stock were exchanged. The company has a market cap of $1.04 billion, a P/E ratio of 12.59 and a beta of 1.61. Banco Latinoamericano de Comercio Exterior, has a one year low of $25.17 and a one year high of $30.51. The firm’s 50-day moving average is $27.52 and its 200-day moving average is $27.71.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Wednesday, August 2nd will be given a $0.385 dividend. The ex-dividend date is Monday, July 31st. This represents a $1.54 annualized dividend and a dividend yield of 5.85%. Banco Latinoamericano de Comercio Exterior,’s dividend payout ratio (DPR) is presently 73.68%.

About Banco Latinoamericano de Comercio Exterior,

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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