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 during the month of September. As of September 15th, there was short interest totaling 708,379 shares, a growth of 53.6% from the August 31st total of 461,132 shares. Based on an average daily volume of 161,698 shares, the short-interest ratio is currently 4.4 days. Currently, 1.9% of the shares of the company are short sold.

Institutional Trading of Banco Latinoamericano de Comercio Exterior

An institutional investor recently raised its stake in Banco Latinoamericano de Comercio Exterior stock. Diversified Trust Co raised its stake in Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) by 63.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,316 shares of the bank’s stock after purchasing an additional 2,827 shares during the quarter. Diversified Trust Co’s holdings in Banco Latinoamericano de Comercio Exterior were worth $374,000 at the end of the most recent reporting period. 19.47% of the stock is owned by hedge funds and other institutional investors.

Banco Latinoamericano de Comercio Exterior Stock Up 0.3%

Shares of NYSE:BLX opened at $55.17 on Friday. The stock has a market cap of $2.05 billion, a P/E ratio of 9.10 and a beta of 0.80. The firm has a fifty day moving average price of $55.73 and a 200 day moving average price of $55.76. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.49 and a quick ratio of 1.49. Banco Latinoamericano de Comercio Exterior has a 1-year low of $38.41 and a 1-year high of $63.19.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last issued its quarterly earnings data on Tuesday, July 21st. The bank reported $1.77 earnings per share (EPS) for the quarter. The company had revenue of $98.90 million for the quarter. Banco Latinoamericano de Comercio Exterior had a net margin of 27.77% and a return on equity of 13.77%.

Banco Latinoamericano de Comercio Exterior Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Friday, August 7th were given a $0.6875 dividend. This represents a $2.75 annualized dividend and a yield of 5.0%. The ex-dividend date was Friday, August 7th. Banco Latinoamericano de Comercio Exterior’s payout ratio is 45.38%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Banco Latinoamericano de Comercio Exterior from a “buy (a)” rating to a “buy (a-)” rating in a research report on Monday, August 31st. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Banco Latinoamericano de Comercio Exterior has a consensus rating of “Strong Buy”.

About Banco Latinoamericano de Comercio Exterior

Banco Latinoamericano de Comercio Exterior, SA, commonly known as Bladex, is a Panama-based multilateral financial institution that supports international trade and economic activity in Latin America and the Caribbean. The bank provides financing and banking services to commercial banks, corporations, and other financial institutions involved in regional and cross-border commerce.

Bladex’s products and services include trade and working-capital loans, letters of credit, guarantees, documentary credit facilities, and other structured and transaction-based financing solutions.