Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Upgraded at StockNews.com

StockNews.com upgraded shares of Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) from a sell rating to a hold rating in a report released on Thursday.

Banco Latinoamericano de Comercio Exterior, S. A. Stock Performance

Shares of Banco Latinoamericano de Comercio Exterior, S. A. stock opened at $39.58 on Thursday. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 7.24 and a beta of 0.87. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.77 and a quick ratio of 1.77. Banco Latinoamericano de Comercio Exterior, S. A. has a 1 year low of $27.37 and a 1 year high of $42.88. The firm’s 50-day moving average is $37.78 and its 200 day moving average is $36.89.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last issued its earnings results on Monday, May 5th. The bank reported $1.40 earnings per share (EPS) for the quarter. The firm had revenue of $77.95 million for the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a net margin of 24.29% and a return on equity of 16.01%. Sell-side analysts anticipate that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 EPS for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Friday, May 16th will be given a dividend of $0.625 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.50 annualized dividend and a dividend yield of 6.32%. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio (DPR) is presently 44.64%.

Institutional Investors Weigh In On Banco Latinoamericano de Comercio Exterior, S. A.

Several institutional investors have recently modified their holdings of BLX. Motley Fool Wealth Management LLC purchased a new stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. during the fourth quarter valued at $1,603,000. LSV Asset Management boosted its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 2.4% during the first quarter. LSV Asset Management now owns 1,185,460 shares of the bank’s stock valued at $43,388,000 after buying an additional 27,285 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of 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 valued at $969,000 after buying an additional 25,830 shares during the last quarter. Longboard Asset Management LP purchased a new position in Banco Latinoamericano de Comercio Exterior, S. A. in the fourth quarter worth about $202,000. Finally, SBI Securities Co. Ltd. purchased a new position in Banco Latinoamericano de Comercio Exterior, S. A. in the fourth quarter worth about $74,000. 19.47% of the stock is owned by hedge funds and other institutional investors.

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.