101,364 Shares in Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Acquired by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. purchased a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 101,364 shares of the bank’s stock, valued at approximately $3,002,000. Hillsdale Investment Management Inc. owned about 0.28% of Banco Latinoamericano de Comercio Exterior, S. A. as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Los Angeles Capital Management LLC increased its position in Banco Latinoamericano de Comercio Exterior, S. A. by 21.2% during the fourth quarter. Los Angeles Capital Management LLC now owns 55,805 shares of the bank’s stock worth $1,381,000 after purchasing an additional 9,771 shares during the last quarter. Hedge funds and other institutional investors own 19.47% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Scotiabank upped their price target 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. Trading Up 0.9 %

BLX traded up $0.29 during trading on Monday, hitting $33.29. 258,506 shares of the company’s stock were exchanged, compared to its average volume of 128,721. 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 $33.70. The stock has a 50 day moving average price of $30.13 and a 200 day moving average price of $28.32. The firm has a market cap of $1.22 billion, a P/E ratio of 6.60 and a beta of 1.20.

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

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.