Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) Sees Significant Increase in Short Interest

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 708,379 shares, a growth of 53.6% from the August 31st total of 461,132 shares. Based on an average trading volume of 161,698 shares, the short-interest ratio is currently 4.4 days. Currently, 1.9% of the shares of the company are short sold.

Banco Latinoamericano de Comercio Exterior Trading Down 0.7%

NYSE BLX opened at $54.80 on Friday. The firm’s fifty day moving average is $55.64 and its two-hundred day moving average is $55.76. Banco Latinoamericano de Comercio Exterior has a one year low of $38.41 and a one year high of $63.19. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.49 and a current ratio of 1.49. The firm has a market cap of $2.04 billion, a PE ratio of 9.04 and a beta of 0.80.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last released its quarterly earnings results on Tuesday, July 21st. The bank reported $1.77 earnings per share (EPS) for the quarter. The firm had revenue of $98.90 million for the quarter. Banco Latinoamericano de Comercio Exterior had a return on equity of 13.77% and a net margin of 27.77%.

Banco Latinoamericano de Comercio Exterior Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Friday, August 7th were given a dividend of $0.6875 per share. This represents a $2.75 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Friday, August 7th. Banco Latinoamericano de Comercio Exterior’s dividend payout ratio (DPR) is presently 45.38%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Banco Latinoamericano de Comercio Exterior from a “buy (a)” rating to a “buy (a-)” rating in a research report on Monday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, Banco Latinoamericano de Comercio Exterior currently has a consensus rating of “Strong Buy”.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Banco Latinoamericano de Comercio Exterior stock. Diversified Trust Co lifted its stake in shares of Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) by 63.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,316 shares of the bank’s stock after purchasing an additional 2,827 shares during the quarter. Diversified Trust Co’s holdings in Banco Latinoamericano de Comercio Exterior were worth $374,000 at the end of the most recent quarter. 19.47% of the stock is currently owned by institutional investors and hedge funds.

Banco Latinoamericano de Comercio Exterior Company Profile

Banco Latinoamericano de Comercio Exterior, SA, commonly known as Bladex, is a Panama-based multilateral financial institution that supports international trade and economic activity in Latin America and the Caribbean. The bank provides financing and banking services to commercial banks, corporations, and other financial institutions involved in regional and cross-border commerce.

Bladex’s products and services include trade and working-capital loans, letters of credit, guarantees, documentary credit facilities, and other structured and transaction-based financing solutions.