Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Rating Lowered to Sell at StockNews.com

StockNews.com lowered shares of Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) from a hold rating to a sell rating in a research note released on Wednesday.

Banco Latinoamericano de Comercio Exterior, S. A. Trading Up 1.2 %

NYSE:BLX opened at $39.86 on Wednesday. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.77 and a quick ratio of 1.77. The stock has a market cap of $1.46 billion, a PE ratio of 7.29 and a beta of 0.87. The stock’s 50-day moving average is $37.66 and its two-hundred day moving average is $36.48. Banco Latinoamericano de Comercio Exterior, S. A. has a fifty-two week low of $27.37 and a fifty-two week high of $42.88.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last released its quarterly earnings data on Monday, May 5th. The bank reported $1.40 earnings per share (EPS) for the quarter. The firm had revenue of $77.95 million during the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a return on equity of 16.01% and a net margin of 24.29%. As a group, equities research analysts forecast that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 earnings per share for the current fiscal year.

Banco Latinoamericano de Comercio Exterior, S. A. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Friday, May 16th will be given a $0.625 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 6.27%. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio is currently 44.64%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hillsdale Investment Management Inc. boosted its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 0.7% in the 4th quarter. Hillsdale Investment Management Inc. now owns 124,864 shares of the bank’s stock valued at $4,441,000 after purchasing an additional 900 shares during the period. Motley Fool Wealth Management LLC bought a new stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the 4th quarter valued at approximately $1,603,000. GAMMA Investing LLC raised its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 4,087.0% during the first quarter. GAMMA Investing LLC now owns 26,462 shares of the bank’s stock worth $969,000 after acquiring an additional 25,830 shares in the last quarter. Sterling Capital Management LLC increased its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 5.7% during the 4th quarter. Sterling Capital Management LLC now owns 14,497 shares of the bank’s stock worth $516,000 after purchasing an additional 779 shares in the last quarter. Finally, Longboard Asset Management LP bought a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the fourth quarter valued at approximately $202,000. 19.47% of the stock is currently owned by institutional investors and hedge funds.

About Banco Latinoamericano de Comercio Exterior, S. A.

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 in two segments, Commercial and Treasury. It offers bilateral loans; structured loans including syndicated and clubbed, such as acquisition and pre-export financing, A/B loan financing, bridge loans, and liability management; and project financing.