Los Angeles Capital Management LLC Sells 4,429 Shares of Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX)

Los Angeles Capital Management LLC cut its stake in Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) by 9.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,366 shares of the bank’s stock after selling 4,429 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Banco Latinoamericano de Comercio Exterior, S. A. were worth $1,227,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of BLX. Rhumbline Advisers raised its position in Banco Latinoamericano de Comercio Exterior, S. A. by 0.9% in the 2nd quarter. Rhumbline Advisers now owns 47,093 shares of the bank’s stock valued at $1,397,000 after buying an additional 411 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the first quarter valued at about $3,002,000. Finally, LSV Asset Management lifted its position in shares of 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 purchasing an additional 9,038 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

Shares of Banco Latinoamericano de Comercio Exterior, S. A. stock opened at $30.01 on Thursday. The firm has a market capitalization of $1.10 billion, a P/E ratio of 6.23 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. The business’s fifty day simple moving average is $30.89 and its 200 day simple moving average is $29.91. Banco Latinoamericano de Comercio Exterior, S. A. has a 12 month low of $20.01 and a 12 month high of $34.45.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last issued its quarterly earnings results on Tuesday, July 23rd. The bank reported $1.36 earnings per share for the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a net margin of 23.87% and a return on equity of 15.91%. The company had revenue of $75.04 million for the quarter. As a group, analysts anticipate that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 EPS for the current year.

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

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 dividend of $0.50 per share. The ex-dividend date was Monday, August 5th. This represents a $2.00 annualized dividend and a dividend yield of 6.66%. Banco Latinoamericano de Comercio Exterior, S. A.’s payout ratio is currently 40.49%.

Analyst Ratings Changes

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

Banco Latinoamericano de Comercio Exterior, S. A. 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.