Banco Latinoamericano de Comercio Exterior, S.A. $BLX Shares Purchased by LSV Asset Management

LSV Asset Management raised its position in shares of Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) by 1.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,163,826 shares of the bank’s stock after purchasing an additional 15,291 shares during the quarter. LSV Asset Management’s holdings in Banco Latinoamericano de Comercio Exterior were worth $51,907,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of BLX. SBI Securities Co. Ltd. raised its stake in Banco Latinoamericano de Comercio Exterior by 7.5% during the third quarter. SBI Securities Co. Ltd. now owns 3,746 shares of the bank’s stock valued at $172,000 after buying an additional 261 shares in the last quarter. Diversified Trust Co. acquired a new stake in Banco Latinoamericano de Comercio Exterior during the fourth quarter valued at approximately $200,000. Ramirez Asset Management Inc. raised its stake in Banco Latinoamericano de Comercio Exterior by 12.0% during the third quarter. Ramirez Asset Management Inc. now owns 39,988 shares of the bank’s stock valued at $1,838,000 after buying an additional 4,270 shares in the last quarter. Finally, Hillsdale Investment Management Inc. raised its stake in Banco Latinoamericano de Comercio Exterior by 4.8% during the third quarter. Hillsdale Investment Management Inc. now owns 122,864 shares of the bank’s stock valued at $5,648,000 after buying an additional 5,600 shares in the last quarter. Institutional investors and hedge funds own 19.47% of the company’s stock.

Banco Latinoamericano de Comercio Exterior Trading Up 0.5%

Shares of NYSE BLX opened at $55.36 on Monday. The stock’s 50 day moving average price is $52.97 and its two-hundred day moving average price is $48.60. Banco Latinoamericano de Comercio Exterior, S.A. has a 52-week low of $38.41 and a 52-week high of $57.79. The stock has a market capitalization of $2.06 billion, a P/E ratio of 9.20 and a beta of 0.81. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 2.40.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last announced its quarterly earnings results on Tuesday, April 28th. The bank reported $1.31 earnings per share for the quarter. The business had revenue of $83.10 million for the quarter. Banco Latinoamericano de Comercio Exterior had a return on equity of 14.36% and a net margin of 27.77%.

Banco Latinoamericano de Comercio Exterior Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Friday, May 8th will be given a dividend of $0.6875 per share. This represents a $2.75 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Friday, May 8th. Banco Latinoamericano de Comercio Exterior’s dividend payout ratio is presently 45.68%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Banco Latinoamericano de Comercio Exterior from a “buy (a)” rating to a “buy (a-)” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

About Banco Latinoamericano de Comercio Exterior

Banco Latinoamericano de Comercio Exterior SA, commonly known as BLADEx and traded on the New York Stock Exchange under the symbol BLX, is a multilateral financial institution dedicated to promoting foreign trade and regional integration in Latin America and the Caribbean. Headquartered in Panama City, the bank provides specialized trade finance solutions to corporate clients and financial institutions, helping to facilitate cross-border transactions across key markets in the region. Its services encompass import and export financing, supply chain solutions, project and structured finance, as well as treasury and risk management products.

Established in 1977 by a consortium of 20 Latin American and Caribbean governments in partnership with the Inter-American Development Bank (IDB), BLADEx has a mandate to support economic development through trade facilitation.