Rhumbline Advisers Has $1.40 Million Stock Position in Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX)

Rhumbline Advisers increased its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) by 0.9% in the second quarter, HoldingsChannel reports. The firm owned 47,093 shares of the bank’s stock after purchasing an additional 411 shares during the period. Rhumbline Advisers’ holdings in Banco Latinoamericano de Comercio Exterior, S. A. were worth $1,397,000 at the end of the most recent reporting period.

Separately, LSV Asset Management increased its position in 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 valued at $28,510,000 after acquiring an additional 9,038 shares in the last quarter. 19.47% of the stock is currently owned by hedge funds and other institutional investors.

Banco Latinoamericano de Comercio Exterior, S. A. Trading Down 0.5 %

BLX opened at $32.75 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 2.80. The stock has a market capitalization of $1.20 billion, a PE ratio of 6.63 and a beta of 1.17. Banco Latinoamericano de Comercio Exterior, S. A. has a 1-year low of $20.01 and a 1-year high of $34.45. The firm has a 50-day moving average price of $30.99 and a two-hundred day moving average price of $30.10.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last posted its quarterly earnings data on Tuesday, July 23rd. The bank reported $1.36 earnings per share for the quarter. The firm had revenue of $75.04 million during the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a net margin of 23.87% and a return on equity of 15.91%. As a group, equities analysts anticipate 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. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Monday, August 5th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 6.11%. The ex-dividend date of this dividend was Monday, August 5th. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio is 40.49%.

Analysts Set New Price Targets

Separately, Scotiabank raised their price objective on shares of Banco Latinoamericano de Comercio Exterior, S. A. from $38.00 to $42.00 and gave the company a “sector outperform” rating in a research report on Wednesday, June 12th.

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 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.