Rhumbline Advisers Sells 1,031 Shares of Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX)

Rhumbline Advisers cut its holdings in Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) by 2.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,125 shares of the bank’s stock after selling 1,031 shares during the quarter. Rhumbline Advisers owned approximately 0.12% of Banco Latinoamericano de Comercio Exterior worth $1,542,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in shares of Banco Latinoamericano de Comercio Exterior during the fourth quarter valued at about $74,000. Sterling Capital Management LLC lifted its position in shares of Banco Latinoamericano de Comercio Exterior by 5.7% during the fourth quarter. Sterling Capital Management LLC now owns 14,497 shares of the bank’s stock valued at $516,000 after buying an additional 779 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Banco Latinoamericano de Comercio Exterior by 4,087.0% during the first quarter. GAMMA Investing LLC now owns 26,462 shares of the bank’s stock valued at $969,000 after buying an additional 25,830 shares during the last quarter. Motley Fool Wealth Management LLC purchased a new stake in shares of Banco Latinoamericano de Comercio Exterior during the fourth quarter valued at about $1,603,000. Finally, Hillsdale Investment Management Inc. lifted its position in shares of Banco Latinoamericano de Comercio Exterior by 0.7% during the fourth quarter. Hillsdale Investment Management Inc. now owns 124,864 shares of the bank’s stock valued at $4,441,000 after buying an additional 900 shares during the last quarter. 19.47% of the stock is owned by hedge funds and other institutional investors.

Banco Latinoamericano de Comercio Exterior Stock Performance

BLX opened at $41.71 on Thursday. Banco Latinoamericano de Comercio Exterior, S.A. has a 52-week low of $27.37 and a 52-week high of $42.88. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 2.92. The company has a market cap of $1.52 billion, a P/E ratio of 7.45 and a beta of 0.88. The firm’s 50-day moving average price is $39.88 and its 200-day moving average price is $38.06.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last posted its quarterly earnings data on Monday, May 5th. The bank reported $1.40 earnings per share (EPS) for the quarter. Banco Latinoamericano de Comercio Exterior had a net margin of 24.91% and a return on equity of 15.63%. The firm had revenue of $77.95 million for the quarter. As a group, 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 disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Friday, May 16th were issued a dividend of $0.625 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.50 annualized dividend and a dividend yield of 5.99%. Banco Latinoamericano de Comercio Exterior’s dividend payout ratio (DPR) is currently 44.64%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Banco Latinoamericano de Comercio Exterior from a “sell” rating to a “hold” rating in a research report on Thursday, May 15th.

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.