Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Shares Sold by LSV Asset Management

LSV Asset Management lowered its holdings in Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) by 5.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,158,175 shares of the bank’s stock after selling 65,862 shares during the quarter. LSV Asset Management’s holdings in Banco Latinoamericano de Comercio Exterior, S. A. were worth $41,196,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in BLX. SBI Securities Co. Ltd. purchased a new stake in Banco Latinoamericano de Comercio Exterior, S. A. during the 4th quarter worth $74,000. Longboard Asset Management LP acquired a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. during the fourth quarter worth about $202,000. Motley Fool Wealth Management LLC acquired a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. during the fourth quarter worth about $1,603,000. Finally, Hillsdale Investment Management Inc. boosted its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 0.7% in the fourth quarter. Hillsdale Investment Management Inc. now owns 124,864 shares of the bank’s stock worth $4,441,000 after buying an additional 900 shares during the period. Hedge funds and other institutional investors own 19.47% of the company’s stock.

Banco Latinoamericano de Comercio Exterior, S. A. Price Performance

BLX stock opened at $36.38 on Friday. The stock has a 50-day simple moving average of $37.68 and a 200-day simple moving average of $35.82. The firm has a market cap of $1.33 billion, a P/E ratio of 6.65 and a beta of 0.88. The company has a debt-to-equity ratio of 2.73, a quick ratio of 1.77 and a current ratio of 1.77. Banco Latinoamericano de Comercio Exterior, S. A. has a 1 year low of $27.37 and a 1 year high of $42.88.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last posted its quarterly earnings data on Thursday, February 27th. The bank reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.33. Banco Latinoamericano de Comercio Exterior, S. A. had a net margin of 24.29% and a return on equity of 16.01%. The company had revenue of $78.40 million for the quarter, compared to analyst estimates of $54.84 million. On average, equities analysts predict that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 earnings per share for the current fiscal year.

Banco Latinoamericano de Comercio Exterior, S. A. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Monday, March 10th were paid a dividend of $0.625 per share. This is an increase from Banco Latinoamericano de Comercio Exterior, S. A.’s previous quarterly dividend of $0.50. The ex-dividend date was Monday, March 10th. This represents a $2.50 annualized dividend and a yield of 6.87%. Banco Latinoamericano de Comercio Exterior, S. A.’s payout ratio is 44.64%.

Banco Latinoamericano de Comercio Exterior, S. A. 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.