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 large growth in short interest in the month of December. As of December 15th, there was short interest totaling 384,622 shares, a growth of 23.0% from the November 30th total of 312,717 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily trading volume, of 152,152 shares, the days-to-cover ratio is presently 2.5 days. Based on an average daily trading volume, of 152,152 shares, the days-to-cover ratio is presently 2.5 days. Currently, 1.0% of the company’s stock are short sold.

Hedge Funds Weigh In On Banco Latinoamericano de Comercio Exterior

Hedge funds have recently made changes to their positions in the company. SBI Securities Co. Ltd. lifted its holdings in shares of Banco Latinoamericano de Comercio Exterior by 7.5% in the 3rd quarter. SBI Securities Co. Ltd. now owns 3,746 shares of the bank’s stock valued at $172,000 after purchasing an additional 261 shares during the last quarter. PNC Financial Services Group Inc. acquired a new position in Banco Latinoamericano de Comercio Exterior during the second quarter worth approximately $25,000. Ramirez Asset Management Inc. increased its position in Banco Latinoamericano de Comercio Exterior by 12.0% during the third quarter. Ramirez Asset Management Inc. now owns 39,988 shares of the bank’s stock worth $1,838,000 after buying an additional 4,270 shares during the period. Rhumbline Advisers lifted its stake in Banco Latinoamericano de Comercio Exterior by 11.5% in the second quarter. Rhumbline Advisers now owns 46,968 shares of the bank’s stock valued at $1,893,000 after buying an additional 4,843 shares during the last quarter. Finally, Hillsdale Investment Management Inc. boosted its holdings in shares of Banco Latinoamericano de Comercio Exterior by 4.8% in the third quarter. Hillsdale Investment Management Inc. now owns 122,864 shares of the bank’s stock valued at $5,648,000 after acquiring an additional 5,600 shares during the period. Hedge funds and other institutional investors own 19.47% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BLX. Wall Street Zen cut shares of Banco Latinoamericano de Comercio Exterior from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Weiss Ratings reissued a “buy (a-)” rating on shares of Banco Latinoamericano de Comercio Exterior in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Banco Latinoamericano de Comercio Exterior Stock Up 0.5%

BLX traded up $0.21 on Wednesday, reaching $44.60. The company’s stock had a trading volume of 43,270 shares, compared to its average volume of 127,416. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 7.42 and a beta of 0.84. Banco Latinoamericano de Comercio Exterior has a fifty-two week low of $31.14 and a fifty-two week high of $48.38. The stock has a 50 day moving average of $44.44 and a two-hundred day moving average of $44.17.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last released its quarterly earnings data on Thursday, October 30th. The bank reported $1.48 earnings per share for the quarter. The company had revenue of $82.78 million for the quarter. Banco Latinoamericano de Comercio Exterior had a net margin of 26.58% and a return on equity of 15.42%. As a group, analysts anticipate that Banco Latinoamericano de Comercio Exterior will post 4.6 earnings per share for the current fiscal year.

Banco Latinoamericano de Comercio Exterior Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Monday, November 10th were given a $0.625 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $2.50 dividend on an annualized basis and a yield of 5.6%. Banco Latinoamericano de Comercio Exterior’s payout ratio is 41.60%.

Banco Latinoamericano de Comercio Exterior Company Profile

Banco Latinoamericano de Comercio Exterior SA, commonly known as BLADEx and traded on the New York Stock Exchange under the symbol BLX, is a multilateral financial institution dedicated to promoting foreign trade and regional integration in Latin America and the Caribbean. Headquartered in Panama City, the bank provides specialized trade finance solutions to corporate clients and financial institutions, helping to facilitate cross-border transactions across key markets in the region. Its services encompass import and export financing, supply chain solutions, project and structured finance, as well as treasury and risk management products.

Established in 1977 by a consortium of 20 Latin American and Caribbean governments in partnership with the Inter-American Development Bank (IDB), BLADEx has a mandate to support economic development through trade facilitation.