Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Stake Increased by Sagil Capital LLP

Sagil Capital LLP increased its stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) by 72.8% during the second quarter, HoldingsChannel.com reports. The firm owned 189,118 shares of the bank’s stock after buying an additional 79,701 shares during the period. Banco Latinoamericano de Comercio Exterior, S. A. accounts for 2.9% of Sagil Capital LLP’s portfolio, making the stock its 9th largest position. Sagil Capital LLP’s holdings in Banco Latinoamericano de Comercio Exterior, S. A. were worth $5,611,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BLX. Rhumbline Advisers raised its holdings in shares of 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 acquiring an additional 411 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 77.8% in the 2nd quarter. Meeder Asset Management Inc. now owns 969 shares of the bank’s stock valued at $29,000 after acquiring an additional 424 shares in the last quarter. LSV Asset Management raised its holdings 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 valued at $28,510,000 after acquiring an additional 9,038 shares in the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the 1st quarter valued at about $3,002,000. Hedge funds and other institutional investors own 19.47% of the company’s stock.

Analyst Ratings Changes

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

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

Shares of NYSE BLX opened at $31.26 on Wednesday. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 6.33 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. has a 1-year low of $20.01 and a 1-year high of $34.45. The stock’s 50-day moving average is $30.93 and its 200 day moving average is $30.02.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last posted its quarterly earnings results on Tuesday, July 23rd. The bank reported $1.36 earnings per share (EPS) for the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a return on equity of 15.91% and a net margin of 23.87%. The business had revenue of $75.04 million for the quarter. On average, sell-side analysts anticipate 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. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Monday, August 5th were given a dividend of $0.50 per share. The ex-dividend date was Monday, August 5th. This represents a $2.00 annualized dividend and a yield of 6.40%. Banco Latinoamericano de Comercio Exterior, S. A.’s payout ratio is 40.49%.

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.