Parametric Portfolio Associates LLC Has $1.89 Million Position in Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX)

Parametric Portfolio Associates LLC boosted its stake in shares of Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) by 74.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 68,052 shares of the bank’s stock after buying an additional 29,008 shares during the period. Parametric Portfolio Associates LLC owned 0.17% of Banco Latinoamericano de Comercio Exterior, worth $1,888,000 as of its most recent filing with the SEC.

Separately, LSV Asset Management increased its position in shares of Banco Latinoamericano de Comercio Exterior, by 4.2% in the first quarter. LSV Asset Management now owns 1,846,419 shares of the bank’s stock valued at $51,219,000 after buying an additional 74,360 shares during the last quarter. Institutional investors and hedge funds own 16.14% of the company’s stock.

Shares of Banco Latinoamericano de Comercio Exterior, S.A. (NYSE BLX) traded up 0.42% during mid-day trading on Tuesday, reaching $26.29. The company had a trading volume of 121,094 shares. The firm has a 50-day moving average of $27.29 and a 200-day moving average of $27.65. Banco Latinoamericano de Comercio Exterior, S.A. has a 12-month low of $25.17 and a 12-month high of $30.51. The company has a market capitalization of $1.03 billion, a P/E ratio of 12.58 and a beta of 1.61.

Banco Latinoamericano de Comercio Exterior, (NYSE:BLX) last issued its quarterly earnings data on Friday, July 21st. The bank reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.21. Banco Latinoamericano de Comercio Exterior, had a return on equity of 8.09% and a net margin of 31.94%. The company had revenue of $34.41 million during the quarter. On average, equities analysts anticipate that Banco Latinoamericano de Comercio Exterior, S.A. will post $2.20 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Wednesday, August 2nd will be issued a dividend of $0.385 per share. The ex-dividend date is Monday, July 31st. This represents a $1.54 annualized dividend and a dividend yield of 5.86%. Banco Latinoamericano de Comercio Exterior,’s payout ratio is 73.68%.

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Several research analysts have commented on the company. BidaskClub raised Banco Latinoamericano de Comercio Exterior, from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. J P Morgan Chase & Co downgraded Banco Latinoamericano de Comercio Exterior, from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $28.00 to $26.00 in a report on Friday, July 21st. Finally, Zacks Investment Research downgraded Banco Latinoamericano de Comercio Exterior, from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 25th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The company has an average rating of “Hold” and an average price target of $27.50.

About Banco Latinoamericano de Comercio Exterior,

Banco Latinoamericano de Comercio Exterior, SA (the Bank) is a specialized multinational bank. The Bank is established to support the financing of trade and economic integration in Latin America and the Caribbean. The Company operates in two segments: Commercial and Treasury. The Bank’s Commercial segment incorporates all of the Bank’s financial intermediation and fees generated by the commercial portfolio activities, such as origination of bilateral and syndicated credits, short- and medium-term loans, acceptances and contingent credits.

Institutional Ownership by Quarter for Banco Latinoamericano de Comercio Exterior, (NYSE:BLX)

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