Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Sees Strong Trading Volume

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLXGet Rating) saw strong trading volume on Wednesday . 2,214 shares were traded during trading, a decline of 98% from the previous session’s volume of 103,465 shares.The stock last traded at $14.25 and had previously closed at $14.29.

Separately, StockNews.com raised Banco Latinoamericano de Comercio Exterior, S. A. from a “sell” rating to a “hold” rating in a research report on Wednesday, May 18th.

The business has a fifty day moving average of $14.92 and a 200-day moving average of $15.87. The firm has a market cap of $507.60 million, a PE ratio of 8.82 and a beta of 1.25.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLXGet Rating) last issued its quarterly earnings data on Wednesday, May 4th. The bank reported $0.31 earnings per share (EPS) for the quarter. The business had revenue of $30.25 million for the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a return on equity of 6.04% and a net margin of 35.49%.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Monday, May 16th will be paid a $0.25 dividend. The ex-dividend date is Friday, May 13th. This represents a $1.00 dividend on an annualized basis and a yield of 7.14%. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio is currently 61.73%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Thomas White International Ltd. increased its stake in 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 worth $5,510,000 after acquiring an additional 1,021 shares during the last quarter. Beddow Capital Management Inc. increased its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 2.0% in the 1st quarter. Beddow Capital Management Inc. now owns 444,961 shares of the bank’s stock worth $6,932,000 after acquiring an additional 8,750 shares during the last quarter. Finally, Seizert Capital Partners LLC bought a new position in Banco Latinoamericano de Comercio Exterior, S. A. in the 4th quarter worth about $365,000. Institutional investors and hedge funds own 23.37% of the company’s stock.

About Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX)

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 offers short and medium-term bilateral loans, structured and syndicated credits, and loan commitments; financial guarantee contracts, such as issued and confirmed letters of credit, and stand-by letters of credit; and guarantees covering commercial risk and other assets, as well as co-financing arrangements, underwriting of syndicated credit facilities, structured trade financing in the form of factoring and vendor financing, and financial leasing.

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