Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) Plans $0.63 Quarterly Dividend

Key Points

• Banco Latinoamericano de Comercio Exterior, S.A. announced a quarterly dividend payment of $0.63 per share, with a yield of 6.2%, payable on September 3rd to shareholders of record as of August 15th.
• The company reported a net margin of 24.91% and a return on equity of 15.63%, indicating strong financial performance, with an expected annual earnings projection of $5.10 per share for the next year.
• Institutional investors have shown increased interest, with notable positions including a 36.8% increase by SBI Securities and a 4,087.0% increase by GAMMA Investing, indicating growing confidence in the bank's stock.

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX - Get Free Report) announced a quarterly dividend on Monday, August 4th, RTT News reports. Shareholders of record on Friday, August 15th will be paid a dividend of 0.625 per share by the bank on Wednesday, September 3rd. This represents a c) annualized dividend and a yield of 6.2%.

Banco Latinoamericano de Comercio Exterior has a payout ratio of 39.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Banco Latinoamericano de Comercio Exterior to earn $5.10 per share next year, which means the company should continue to be able to cover its $2.50 annual dividend with an expected future payout ratio of 49.0%.

Banco Latinoamericano de Comercio Exterior Price Performance

Shares of Banco Latinoamericano de Comercio Exterior stock traded up $1.14 on Monday, reaching $40.47. The company's stock had a trading volume of 142,705 shares, compared to its average volume of 126,459. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 2.92. The company has a market capitalization of $1.48 billion, a P/E ratio of 7.23 and a beta of 0.88. The stock has a 50-day moving average price of $41.44 and a 200-day moving average price of $39.35. Banco Latinoamericano de Comercio Exterior has a 52-week low of $27.37 and a 52-week high of $43.24.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The bank reported $1.73 EPS for the quarter. Banco Latinoamericano de Comercio Exterior had a net margin of 24.91% and a return on equity of 15.63%. Analysts expect that Banco Latinoamericano de Comercio Exterior will post 4.6 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. lifted its holdings in Banco Latinoamericano de Comercio Exterior by 36.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 2,859 shares of the bank's stock worth $105,000 after buying an additional 769 shares in the last quarter. Sterling Capital Management LLC increased its position in shares of Banco Latinoamericano de Comercio Exterior by 5.7% during the fourth quarter. Sterling Capital Management LLC now owns 14,497 shares of the bank's stock worth $516,000 after acquiring an additional 779 shares during the period. Ramirez Asset Management Inc. raised its stake in shares of Banco Latinoamericano de Comercio Exterior by 20.3% in the second quarter. Ramirez Asset Management Inc. now owns 35,718 shares of the bank's stock valued at $1,439,000 after acquiring an additional 6,020 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Banco Latinoamericano de Comercio Exterior by 4,087.0% in the first 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, LSV Asset Management grew its stake in Banco Latinoamericano de Comercio Exterior by 2.4% during the 1st quarter. LSV Asset Management now owns 1,185,460 shares of the bank's stock worth $43,388,000 after purchasing an additional 27,285 shares in the last quarter. Hedge funds and other institutional investors own 19.47% of the company's stock.

Banco Latinoamericano de Comercio Exterior Company Profile

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.

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