Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX – Get Free Report) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 284,500 shares, an increase of 10.6% from the March 15th total of 257,200 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average daily volume of 130,300 shares, the short-interest ratio is presently 2.2 days.
Institutional Investors Weigh In On Banco Latinoamericano de Comercio Exterior, S. A.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Diversified Trust Co purchased a new stake in Banco Latinoamericano de Comercio Exterior, S. A. in the 3rd quarter worth $488,000. Ramirez Asset Management Inc. purchased a new stake in Banco Latinoamericano de Comercio Exterior, S. A. in the 3rd quarter worth $630,000. Rhumbline Advisers increased its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 2.3% in the 1st quarter. Rhumbline Advisers now owns 42,209 shares of the bank’s stock worth $734,000 after acquiring an additional 957 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in Banco Latinoamericano de Comercio Exterior, S. A. in the 3rd quarter worth $976,000. Finally, Thomas White International Ltd. increased its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 0.3% in the 1st quarter. Thomas White International Ltd. now owns 353,718 shares of the bank’s stock worth $5,510,000 after acquiring an additional 1,021 shares in the last quarter. Hedge funds and other institutional investors own 19.47% of the company’s stock.
Banco Latinoamericano de Comercio Exterior, S. A. Stock Performance
BLX opened at $29.40 on Wednesday. The company has a debt-to-equity ratio of 3.62, a current ratio of 2.08 and a quick ratio of 1.00. The firm has a fifty day moving average price of $27.52 and a 200 day moving average price of $25.18. Banco Latinoamericano de Comercio Exterior, S. A. has a 1 year low of $17.09 and a 1 year high of $30.65. The stock has a market cap of $1.07 billion, a P/E ratio of 6.45 and a beta of 1.21.
Banco Latinoamericano de Comercio Exterior, S. A. Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Monday, March 4th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 6.80%. The ex-dividend date was Friday, March 1st. This is a positive change from Banco Latinoamericano de Comercio Exterior, S. A.’s previous quarterly dividend of $0.25. Banco Latinoamericano de Comercio Exterior, S. A.’s payout ratio is presently 43.86%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut shares of Banco Latinoamericano de Comercio Exterior, S. A. from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th.
Check Out Our Latest Analysis on BLX
About Banco Latinoamericano de Comercio Exterior, S. A.
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 through two segments, Commercial and Treasury. It also 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.
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