Short Interest in Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) Increases By 94.6%

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 514,479 shares, a growth of 94.6% from the May 14th total of 264,325 shares. Approximately 1.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 184,125 shares, the days-to-cover ratio is presently 2.8 days.

Hedge Funds Weigh In On Banco Latinoamericano de Comercio Exterior

A number of institutional investors have recently added to or reduced their stakes in BLX. LSV Asset Management increased its position in Banco Latinoamericano de Comercio Exterior by 1.3% during the 4th quarter. LSV Asset Management now owns 1,163,826 shares of the bank’s stock worth $51,907,000 after purchasing an additional 15,291 shares in the last quarter. Hillsdale Investment Management Inc. increased its position in Banco Latinoamericano de Comercio Exterior by 4.8% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 122,864 shares of the bank’s stock worth $5,648,000 after purchasing an additional 5,600 shares in the last quarter. Diversified Trust Co. acquired a new position in Banco Latinoamericano de Comercio Exterior during the 4th quarter worth approximately $200,000. Ramirez Asset Management Inc. increased its position in Banco Latinoamericano de Comercio Exterior by 12.0% during the 3rd quarter. Ramirez Asset Management Inc. now owns 39,988 shares of the bank’s stock worth $1,838,000 after purchasing an additional 4,270 shares in the last quarter. Finally, Diversified Trust Co increased its position in Banco Latinoamericano de Comercio Exterior by 63.0% during the 1st quarter. Diversified Trust Co now owns 7,316 shares of the bank’s stock worth $374,000 after purchasing an additional 2,827 shares in the last quarter. 19.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Banco Latinoamericano de Comercio Exterior from a “buy (a)” rating to a “buy (a-)” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company has an average rating of “Strong Buy”.

Banco Latinoamericano de Comercio Exterior Price Performance

Shares of NYSE:BLX traded up $0.87 during midday trading on Friday, hitting $60.52. The stock had a trading volume of 175,927 shares, compared to its average volume of 173,079. The company’s 50-day moving average price is $55.10 and its 200-day moving average price is $49.91. The company has a market capitalization of $2.25 billion, a P/E ratio of 10.05 and a beta of 0.81. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 2.40. Banco Latinoamericano de Comercio Exterior has a fifty-two week low of $38.41 and a fifty-two week high of $61.08.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last issued its earnings results on Tuesday, April 28th. The bank reported $1.31 EPS for the quarter. The company had revenue of $83.10 million during the quarter. Banco Latinoamericano de Comercio Exterior had a net margin of 27.77% and a return on equity of 14.36%.

Banco Latinoamericano de Comercio Exterior Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Friday, May 8th were given a $0.6875 dividend. The ex-dividend date was Friday, May 8th. This represents a $2.75 annualized dividend and a dividend yield of 4.5%. Banco Latinoamericano de Comercio Exterior’s payout ratio is presently 45.68%.

Banco Latinoamericano de Comercio Exterior Company 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.