GAMMA Investing LLC boosted its stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Free Report) by 4,087.0% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,462 shares of the bank's stock after purchasing an additional 25,830 shares during the period. GAMMA Investing LLC owned about 0.07% of Banco Latinoamericano de Comercio Exterior, S. A. worth $969,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Motley Fool Wealth Management LLC bought a new stake in Banco Latinoamericano de Comercio Exterior, S. A. in the fourth quarter worth approximately $1,603,000. SBI Securities Co. Ltd. acquired a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the 4th quarter valued at $74,000. Hillsdale Investment Management Inc. grew its holdings in shares of 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 worth $4,441,000 after purchasing an additional 900 shares during the last quarter. Finally, Sterling Capital Management LLC grew its holdings in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 5.7% in 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 during the last quarter. 19.47% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, Wall Street Zen raised shares of Banco Latinoamericano de Comercio Exterior, S. A. from a "sell" rating to a "hold" rating in a report on Thursday, May 15th.
Read Our Latest Stock Analysis on Banco Latinoamericano de Comercio Exterior, S. A.
Banco Latinoamericano de Comercio Exterior, S. A. Stock Performance
Shares of BLX stock opened at $42.77 on Tuesday. The company has a debt-to-equity ratio of 2.73, a quick ratio of 1.77 and a current ratio of 1.77. The company has a market capitalization of $1.56 billion, a P/E ratio of 7.82 and a beta of 0.88. The company's 50 day moving average price is $39.61 and its two-hundred day moving average price is $38.00. Banco Latinoamericano de Comercio Exterior, S. A. has a 52 week low of $27.37 and a 52 week high of $42.88.
Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The bank reported $1.40 earnings per share for the quarter. The company had revenue of $77.95 million during 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, analysts expect 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Friday, May 16th were paid a dividend of $0.625 per share. The ex-dividend date was Friday, May 16th. This represents a $2.50 annualized dividend and a dividend yield of 5.85%. Banco Latinoamericano de Comercio Exterior, S. A.'s dividend payout ratio is currently 44.64%.
About Banco Latinoamericano de Comercio Exterior, S. A.
(
Free Report)
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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