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 - Free Report) from a sell rating to a hold rating in a research report sent to investors on Thursday.

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

BLX stock traded up $0.49 during midday trading on Thursday, hitting $40.21. The company's stock had a trading volume of 5,554 shares, compared to its average volume of 125,579. Banco Latinoamericano de Comercio Exterior, S. A. has a 1 year low of $27.37 and a 1 year high of $42.88. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 2.73. The stock's 50-day moving average price is $37.80 and its 200 day moving average price is $36.97. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 7.35 and a beta of 0.87.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report) last posted its earnings results on Monday, May 5th. The bank reported $1.40 earnings per share (EPS) for the quarter. The business 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%. On average, equities analysts forecast that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 EPS for the current year.

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

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Friday, May 16th will be paid a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 6.22%. The ex-dividend date of this dividend is Friday, May 16th. Banco Latinoamericano de Comercio Exterior, S. A.'s dividend payout ratio (DPR) is presently 44.64%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BLX. SBI Securities Co. Ltd. purchased a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. during the 4th quarter worth approximately $74,000. Longboard Asset Management LP purchased a new stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. during the 4th quarter valued at about $202,000. Sterling Capital Management LLC increased its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 5.7% in the fourth quarter. Sterling Capital Management LLC now owns 14,497 shares of the bank's stock worth $516,000 after purchasing an additional 779 shares during the period. GAMMA Investing LLC increased its position in Banco Latinoamericano de Comercio Exterior, S. A. by 4,087.0% during the 1st quarter. GAMMA Investing LLC now owns 26,462 shares of the bank's stock valued at $969,000 after purchasing an additional 25,830 shares during the period. Finally, Motley Fool Wealth Management LLC purchased a new stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the 4th quarter valued at $1,603,000. Hedge funds and other institutional investors own 19.47% of the company's stock.

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.