Hillsdale Investment Management Inc. Acquires 900 Shares of Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX)

Hillsdale Investment Management Inc. increased its holdings in shares of Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) by 0.7% during the fourth quarter, Holdings Channel reports. The fund owned 124,864 shares of the bank’s stock after purchasing an additional 900 shares during the period. Hillsdale Investment Management Inc.’s holdings in Banco Latinoamericano de Comercio Exterior, S. A. were worth $4,441,000 at the end of the most recent reporting period.

Separately, SBI Securities Co. Ltd. bought a new stake in Banco Latinoamericano de Comercio Exterior, S. A. during the 4th quarter worth approximately $74,000. 19.47% of the stock is owned by hedge funds and other institutional investors.

Banco Latinoamericano de Comercio Exterior, S. A. Stock Down 2.3 %

Shares of BLX opened at $37.14 on Friday. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 6.79 and a beta of 1.13. The company has a debt-to-equity ratio of 2.73, a quick ratio of 1.77 and a current ratio of 1.77. The business’s fifty day moving average price is $38.37 and its two-hundred day moving average price is $35.29. Banco Latinoamericano de Comercio Exterior, S. A. has a 52 week low of $27.37 and a 52 week high of $42.88.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last announced 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 analyst estimates 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%. On average, analysts predict that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 earnings per share for the current year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Monday, March 10th will be given a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 6.73%. This is a positive change from Banco Latinoamericano de Comercio Exterior, S. A.’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Monday, March 10th. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio (DPR) is presently 44.64%.

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.