6,773 Shares in Banco Latinoamericano de Comercio Exterior, S.A. $BLX Purchased by EMC Capital Management

EMC Capital Management purchased a new stake in shares of Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,773 shares of the bank’s stock, valued at approximately $273,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. LSV Asset Management grew its position in shares of Banco Latinoamericano de Comercio Exterior by 2.4% in the 2nd quarter. LSV Asset Management now owns 1,213,835 shares of the bank’s stock worth $48,918,000 after buying an additional 28,375 shares during the last quarter. Ramirez Asset Management Inc. lifted its stake in Banco Latinoamericano de Comercio Exterior by 20.3% in the second quarter. Ramirez Asset Management Inc. now owns 35,718 shares of the bank’s stock worth $1,439,000 after acquiring an additional 6,020 shares during the period. SBI Securities Co. Ltd. boosted its holdings in Banco Latinoamericano de Comercio Exterior by 21.9% in the second quarter. SBI Securities Co. Ltd. now owns 3,485 shares of the bank’s stock valued at $140,000 after acquiring an additional 626 shares in the last quarter. Finally, PNC Financial Services Group Inc. purchased a new position in Banco Latinoamericano de Comercio Exterior during the 2nd quarter valued at $25,000. Hedge funds and other institutional investors own 19.47% of the company’s stock.

Banco Latinoamericano de Comercio Exterior Price Performance

NYSE:BLX opened at $43.87 on Wednesday. The firm’s 50-day moving average price is $45.32 and its 200-day moving average price is $43.37. The company has a market capitalization of $1.63 billion, a PE ratio of 7.30 and a beta of 0.90. Banco Latinoamericano de Comercio Exterior, S.A. has a 1-year low of $31.14 and a 1-year high of $48.38.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last issued its quarterly earnings results on Tuesday, October 28th. The bank reported $1.48 earnings per share (EPS) for the quarter. Banco Latinoamericano de Comercio Exterior had a net margin of 26.58% and a return on equity of 16.18%. The company had revenue of $82.78 million during the quarter. Equities analysts anticipate that Banco Latinoamericano de Comercio Exterior, S.A. will post 4.6 EPS for the current fiscal year.

Banco Latinoamericano de Comercio Exterior Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Monday, November 10th will be given a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend is Monday, November 10th. Banco Latinoamericano de Comercio Exterior’s payout ratio is currently 41.60%.

Wall Street Analyst Weigh In

Several research firms have recently commented on BLX. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Banco Latinoamericano de Comercio Exterior in a research report on Thursday, November 13th. Wall Street Zen downgraded shares of Banco Latinoamericano de Comercio Exterior from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company has a consensus rating of “Strong Buy”.

Banco Latinoamericano de Comercio Exterior Profile

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 in two segments, Commercial and Treasury. It 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.