Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Short Interest Update

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 186,200 shares, a growth of 107.8% from the February 28th total of 89,600 shares. Currently, 0.7% of the company's shares are sold short. Based on an average daily volume of 127,200 shares, the short-interest ratio is presently 1.5 days.

Banco Latinoamericano de Comercio Exterior, S. A. Trading Up 0.5 %

NYSE:BLX traded up $0.17 on Tuesday, hitting $36.77. The stock had a trading volume of 37,068 shares, compared to its average volume of 123,451. The company has a fifty day moving average price of $38.29 and a two-hundred day moving average price of $35.64. Banco Latinoamericano de Comercio Exterior, S. A. has a 1-year low of $27.37 and a 1-year high of $42.88. 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 stock has a market cap of $1.34 billion, a price-to-earnings ratio of 6.72 and a beta of 1.13.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The bank reported $1.40 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.33. The firm had revenue of $78.40 million for the quarter, compared to analysts' expectations of $54.84 million. Banco Latinoamericano de Comercio Exterior, S. A. had a return on equity of 16.01% and a net margin of 24.29%. Equities research analysts expect that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 earnings per share for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Monday, March 10th were given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 6.80%. This is an increase from Banco Latinoamericano de Comercio Exterior, S. A.'s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Monday, March 10th. Banco Latinoamericano de Comercio Exterior, S. A.'s dividend payout ratio (DPR) is presently 44.64%.

Institutional Trading of Banco Latinoamericano de Comercio Exterior, S. A.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the 4th quarter valued at approximately $74,000. Longboard Asset Management LP acquired a new position in Banco Latinoamericano de Comercio Exterior, S. A. during the fourth quarter worth $202,000. Sterling Capital Management LLC lifted its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 5.7% during the fourth quarter. Sterling Capital Management LLC now owns 14,497 shares of the bank's stock worth $516,000 after purchasing an additional 779 shares in the last quarter. Motley Fool Wealth Management LLC purchased a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. during the fourth quarter worth $1,603,000. Finally, Hillsdale Investment Management Inc. grew its stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 0.7% in the fourth quarter. Hillsdale Investment Management Inc. now owns 124,864 shares of the bank's stock valued at $4,441,000 after buying an additional 900 shares in the last quarter. 19.47% of the stock is currently owned by hedge funds and other institutional investors.

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 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.