Banco Latinoamericano de Comercio Exterior, S.A. $BLX Shares Sold by Beddow Capital Management Inc.

Beddow Capital Management Inc. reduced its holdings in shares of Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) by 7.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 346,026 shares of the bank’s stock after selling 27,735 shares during the quarter. Banco Latinoamericano de Comercio Exterior makes up about 5.5% of Beddow Capital Management Inc.’s portfolio, making the stock its 3rd biggest holding. Beddow Capital Management Inc. owned 0.95% of Banco Latinoamericano de Comercio Exterior worth $13,945,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in BLX. LSV Asset Management boosted its position in Banco Latinoamericano de Comercio Exterior by 2.4% during the second quarter. LSV Asset Management now owns 1,213,835 shares of the bank’s stock worth $48,918,000 after purchasing an additional 28,375 shares during the period. Rhumbline Advisers lifted its stake in shares of Banco Latinoamericano de Comercio Exterior by 11.5% during the 2nd quarter. Rhumbline Advisers now owns 46,968 shares of the bank’s stock worth $1,893,000 after buying an additional 4,843 shares during the last quarter. Ramirez Asset Management Inc. boosted its holdings in shares of Banco Latinoamericano de Comercio Exterior by 20.3% during the 2nd quarter. Ramirez Asset Management Inc. now owns 35,718 shares of the bank’s stock worth $1,439,000 after buying an additional 6,020 shares during the period. EMC Capital Management acquired a new position in Banco Latinoamericano de Comercio Exterior in the 2nd quarter valued at about $273,000. Finally, SBI Securities Co. Ltd. raised its holdings in Banco Latinoamericano de Comercio Exterior by 21.9% in the 2nd 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 during the period. Institutional investors own 19.47% of the company’s stock.

Analysts Set New Price Targets

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 Monday. Wall Street Zen downgraded Banco Latinoamericano de Comercio Exterior from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

Banco Latinoamericano de Comercio Exterior Stock Performance

Shares of NYSE BLX opened at $45.15 on Friday. The stock has a market capitalization of $1.68 billion, a P/E ratio of 7.51 and a beta of 0.84. The stock’s fifty day moving average is $44.63 and its 200 day moving average is $43.89. Banco Latinoamericano de Comercio Exterior, S.A. has a 52 week low of $31.14 and a 52 week high of $48.38.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last announced its quarterly earnings data on Thursday, October 30th. The bank reported $1.48 earnings per share (EPS) for the quarter. The firm had revenue of $82.78 million for the quarter. Banco Latinoamericano de Comercio Exterior had a net margin of 26.58% and a return on equity of 15.42%. Equities research analysts forecast that Banco Latinoamericano de Comercio Exterior, S.A. will post 4.6 earnings per share for the current year.

Banco Latinoamericano de Comercio Exterior Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Shareholders of record on Monday, November 10th were given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 5.5%. The ex-dividend date was Monday, November 10th. Banco Latinoamericano de Comercio Exterior’s payout ratio is currently 41.60%.

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.