Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Short Interest Update

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) was the recipient of a large growth in short interest in May. As of May 31st, there was short interest totalling 173,500 shares, a growth of 9.3% from the May 15th total of 158,800 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily volume of 116,700 shares, the days-to-cover ratio is presently 1.5 days.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on BLX shares. StockNews.com cut Banco Latinoamericano de Comercio Exterior, S. A. from a “buy” rating to a “hold” rating in a report on Tuesday, February 27th. Scotiabank upped their price objective on Banco Latinoamericano de Comercio Exterior, S. A. from $38.00 to $42.00 and gave the stock a “sector outperform” rating in a report on Wednesday, June 12th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Banco Latinoamericano de Comercio Exterior, S. A. currently has an average rating of “Moderate Buy” and an average target price of $38.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BLX. LSV Asset Management raised its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 0.9% in the 1st quarter. LSV Asset Management now owns 962,524 shares of the bank’s stock worth $28,510,000 after acquiring an additional 9,038 shares in the last quarter. Hillsdale Investment Management Inc. bought a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the 1st quarter worth approximately $3,002,000. Los Angeles Capital Management LLC raised its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 21.2% in the 4th quarter. Los Angeles Capital Management LLC now owns 55,805 shares of the bank’s stock worth $1,381,000 after acquiring an additional 9,771 shares in the last quarter. Ramirez Asset Management Inc. bought a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the 3rd quarter worth approximately $630,000. Finally, Diversified Trust Co bought a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the 3rd quarter worth approximately $488,000. Institutional investors own 19.47% of the company’s stock.

Banco Latinoamericano de Comercio Exterior, S. A. Trading Down 0.3 %

NYSE BLX opened at $28.95 on Wednesday. The stock has a 50-day moving average of $29.73 and a 200-day moving average of $27.37. The firm has a market cap of $1.06 billion, a PE ratio of 5.86 and a beta of 1.19. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 3.18. Banco Latinoamericano de Comercio Exterior, S. A. has a 1-year low of $20.01 and a 1-year high of $31.62.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last released its quarterly earnings results on Thursday, April 18th. The bank reported $1.40 EPS for the quarter. The business had revenue of $72.60 million during the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a return on equity of 15.26% and a net margin of 23.58%. As a group, sell-side analysts forecast that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 EPS for the current year.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Monday, April 29th were given a dividend of $0.50 per share. This is a positive change from Banco Latinoamericano de Comercio Exterior, S. A.’s previous quarterly dividend of $0.39. The ex-dividend date was Friday, April 26th. This represents a $2.00 dividend on an annualized basis and a yield of 6.91%. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio is presently 40.49%.

Banco Latinoamericano de Comercio Exterior, S. A. Company 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 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.