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

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 240,700 shares, a drop of 8.2% from the August 15th total of 262,100 shares. Approximately 0.9% of the company’s stock are sold short. Based on an average trading volume of 109,600 shares, the short-interest ratio is currently 2.2 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Uniplan Investment Counsel Inc. grew its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 13.0% in the 1st quarter. Uniplan Investment Counsel Inc. now owns 307,465 shares of the bank’s stock valued at $5,343,000 after acquiring an additional 35,410 shares during the period. Thomas White International Ltd. grew its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 0.3% in the 1st quarter. Thomas White International Ltd. now owns 353,718 shares of the bank’s stock valued at $5,510,000 after acquiring an additional 1,021 shares during the period. Rhumbline Advisers grew its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 5.2% in the 2nd quarter. Rhumbline Advisers now owns 44,409 shares of the bank’s stock valued at $980,000 after acquiring an additional 2,200 shares during the period. Beddow Capital Management Inc. grew its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 1.4% in the 2nd quarter. Beddow Capital Management Inc. now owns 424,969 shares of the bank’s stock valued at $9,375,000 after acquiring an additional 5,825 shares during the period. Finally, LSV Asset Management boosted its holdings in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 2.9% during the 2nd quarter. LSV Asset Management now owns 999,108 shares of the bank’s stock worth $22,040,000 after buying an additional 27,700 shares during the period. Institutional investors own 7.02% of the company’s stock.

Banco Latinoamericano de Comercio Exterior, S. A. Stock Up 0.0 %

Banco Latinoamericano de Comercio Exterior, S. A. stock traded up $0.01 during mid-day trading on Tuesday, reaching $23.30. The company’s stock had a trading volume of 1,122 shares, compared to its average volume of 101,417. The company has a market capitalization of $846.49 million, a price-to-earnings ratio of 6.42 and a beta of 1.20. Banco Latinoamericano de Comercio Exterior, S. A. has a 12 month low of $13.00 and a 12 month high of $24.65. The business’s 50 day simple moving average is $23.35 and its 200 day simple moving average is $20.55. The company has a debt-to-equity ratio of 3.59, a quick ratio of 1.84 and a current ratio of 1.84.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last released its earnings results on Thursday, July 20th. The bank reported $1.02 earnings per share for the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a net margin of 24.18% and a return on equity of 12.16%. The business had revenue of $57.38 million during the quarter.

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

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date of this dividend was Friday, July 28th. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio (DPR) is presently 27.55%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on BLX shares. Barclays started coverage on shares of Banco Latinoamericano de Comercio Exterior, S. A. in a report on Thursday, June 29th. They set an “overweight” rating and a $32.00 price objective on the stock. BMO Capital Markets decreased their target price on shares of Banco Latinoamericano de Comercio Exterior, S. A. from $45.00 to $43.00 and set an “outperform” rating for the company in a research report on Tuesday, August 15th. Finally, StockNews.com initiated coverage on shares of Banco Latinoamericano de Comercio Exterior, S. A. in a research report on Thursday, August 17th. They issued a “hold” rating for the company.

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 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.