Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Sees Large Increase in Short Interest

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) was the target of a large increase in short interest in September. As of September 30th, there was short interest totalling 209,400 shares, an increase of 85.1% from the September 15th total of 113,100 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily volume of 133,700 shares, the short-interest ratio is presently 1.6 days.

Hedge Funds Weigh In On Banco Latinoamericano de Comercio Exterior, S. A.

A number of hedge funds and other institutional investors have recently made changes to their positions in BLX. LSV Asset Management boosted its position in Banco Latinoamericano de Comercio Exterior, S. A. by 0.9% during the first 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 during the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the 1st quarter valued at about $3,002,000. Rhumbline Advisers boosted its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 0.9% during the 2nd quarter. Rhumbline Advisers now owns 47,093 shares of the bank’s stock valued at $1,397,000 after purchasing an additional 411 shares in the last quarter. Meeder Asset Management Inc. grew its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 77.8% during the second quarter. Meeder Asset Management Inc. now owns 969 shares of the bank’s stock worth $29,000 after purchasing an additional 424 shares during the period. Finally, Sagil Capital LLP increased its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 72.8% in the second quarter. Sagil Capital LLP now owns 189,118 shares of the bank’s stock worth $5,611,000 after purchasing an additional 79,701 shares in the last quarter. 19.47% of the stock is owned by institutional investors and hedge funds.

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

Banco Latinoamericano de Comercio Exterior, S. A. stock opened at $33.58 on Monday. The stock has a 50-day moving average price of $30.98 and a two-hundred day moving average price of $30.50. Banco Latinoamericano de Comercio Exterior, S. A. has a 12 month low of $20.90 and a 12 month high of $34.45. The company has a market capitalization of $1.23 billion, a PE ratio of 6.80 and a beta of 1.17. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 2.80.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last issued its quarterly earnings data on Tuesday, July 23rd. The bank reported $1.36 earnings per share (EPS) for the quarter. The business 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%. Analysts expect that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 EPS for the current year.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Monday, August 5th were paid a $0.50 dividend. The ex-dividend date was Monday, August 5th. This represents a $2.00 annualized dividend and a dividend yield of 5.96%. Banco Latinoamericano de Comercio Exterior, S. A.’s payout ratio is 40.49%.

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.