LSV Asset Management Lowers Position in Banco Latinoamericano de Comercio Exterior, S.A. $BLX

LSV Asset Management decreased its holdings in shares of Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) by 5.4% during the third quarter, HoldingsChannel reports. The firm owned 1,148,535 shares of the bank’s stock after selling 65,300 shares during the period. LSV Asset Management’s holdings in Banco Latinoamericano de Comercio Exterior were worth $52,798,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of BLX. SBI Securities Co. Ltd. lifted its position 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 worth $172,000 after purchasing an additional 261 shares during the period. PNC Financial Services Group Inc. purchased a new position in Banco Latinoamericano de Comercio Exterior during the 2nd quarter worth $25,000. Rhumbline Advisers grew its position in Banco Latinoamericano de Comercio Exterior by 11.5% during the 2nd quarter. Rhumbline Advisers now owns 46,968 shares of the bank’s stock worth $1,893,000 after purchasing an additional 4,843 shares during the last quarter. Finally, EMC Capital Management acquired a new stake in shares of Banco Latinoamericano de Comercio Exterior during the second quarter worth $273,000. Institutional investors own 19.47% of the company’s stock.

Wall Street Analysts Forecast Growth

BLX has been the topic of several research reports. Weiss Ratings raised Banco Latinoamericano de Comercio Exterior from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, January 26th. Wall Street Zen lowered Banco Latinoamericano de Comercio Exterior from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Banco Latinoamericano de Comercio Exterior Price Performance

Shares of Banco Latinoamericano de Comercio Exterior stock opened at $49.72 on Friday. The stock has a market cap of $1.85 billion, a PE ratio of 8.27 and a beta of 0.83. The firm has a fifty day moving average price of $45.73 and a 200 day moving average price of $45.19. Banco Latinoamericano de Comercio Exterior, S.A. has a 1 year low of $31.14 and a 1 year high of $51.00.

Banco Latinoamericano de Comercio Exterior Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Wednesday, February 25th will be issued a $0.6875 dividend. This is a boost from Banco Latinoamericano de Comercio Exterior’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $2.75 annualized dividend and a dividend yield of 5.5%. Banco Latinoamericano de Comercio Exterior’s payout ratio is presently 41.60%.

Banco Latinoamericano de Comercio Exterior 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.