Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Shares Sold by LSV Asset Management

LSV Asset Management cut its position in Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Free Report) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,158,175 shares of the bank's stock after selling 65,862 shares during the period. LSV Asset Management owned approximately 3.17% of Banco Latinoamericano de Comercio Exterior, S. A. worth $41,196,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Motley Fool Wealth Management LLC acquired a new stake in Banco Latinoamericano de Comercio Exterior, S. A. during the 4th quarter worth about $1,603,000. Hillsdale Investment Management Inc. grew its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 0.7% during the fourth quarter. Hillsdale Investment Management Inc. now owns 124,864 shares of the bank's stock worth $4,441,000 after acquiring an additional 900 shares during the period. SBI Securities Co. Ltd. purchased a new position in Banco Latinoamericano de Comercio Exterior, S. A. during the fourth quarter valued at approximately $74,000. Finally, Longboard Asset Management LP purchased a new position in Banco Latinoamericano de Comercio Exterior, S. A. during the fourth quarter valued at approximately $202,000. 19.47% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of NYSE BLX traded up $0.41 during midday trading on Thursday, reaching $38.06. 75,271 shares of the stock were exchanged, compared to its average volume of 128,038. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 2.73. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 6.97 and a beta of 0.88. The firm has a 50-day simple moving average of $37.66 and a two-hundred day simple moving average of $35.91. Banco Latinoamericano de Comercio Exterior, S. A. has a twelve month low of $27.37 and a twelve month high of $42.88.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The bank reported $1.40 earnings per share for the quarter, topping analysts' consensus estimates of $1.07 by $0.33. The firm had revenue of $78.40 million for the quarter, compared to analyst estimates of $54.84 million. Banco Latinoamericano de Comercio Exterior, S. A. had a net margin of 24.29% and a return on equity of 16.01%. As a group, 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. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Monday, March 10th were given a $0.625 dividend. The ex-dividend date was Monday, March 10th. This is a boost from Banco Latinoamericano de Comercio Exterior, S. A.'s previous quarterly dividend of $0.50. This represents a $2.50 dividend on an annualized basis and a yield of 6.57%. Banco Latinoamericano de Comercio Exterior, S. A.'s payout ratio is 44.64%.

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.