Los Angeles Capital Management LLC Decreases Stake in Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX)

Los Angeles Capital Management LLC lowered its position in Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) by 15.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,166 shares of the bank’s stock after selling 5,900 shares during the period. Los Angeles Capital Management LLC owned approximately 0.09% of Banco Latinoamericano de Comercio Exterior, S. A. worth $1,109,000 as of its most recent SEC filing.

Separately, Beddow Capital Management Inc. grew its holdings in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 1.9% in the 3rd quarter. Beddow Capital Management Inc. now owns 391,161 shares of the bank’s stock worth $12,709,000 after acquiring an additional 7,423 shares during the period. 19.47% of the stock is currently owned by institutional investors and hedge funds.

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

BLX opened at $42.31 on Friday. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.77 and a quick ratio of 1.77. The stock’s 50 day simple moving average is $37.52 and its 200 day simple moving average is $34.41. Banco Latinoamericano de Comercio Exterior, S. A. has a 1-year low of $27.05 and a 1-year high of $42.39. The stock has a market cap of $1.55 billion, a P/E ratio of 7.73 and a beta of 1.16.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last issued its quarterly earnings data 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. Banco Latinoamericano de Comercio Exterior, S. A. had a net margin of 24.29% and a return on equity of 16.01%. The business had revenue of $78.40 million during the quarter, compared to analysts’ expectations of $54.84 million. As a group, equities 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 5.91%. This is a boost from Banco Latinoamericano de Comercio Exterior, S. A.’s previous quarterly dividend of $0.50. The ex-dividend date is Monday, March 10th. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio (DPR) is 36.56%.

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 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.