Banco Latinoamericano de Comercio Exterior, S.A. $BLX is Beddow Capital Management Inc.'s 4th Largest Position

Key Points

• Beddow Capital Management trimmed its position in Banco Latinoamericano de Comercio Exterior (NYSE:BLX) by 11.9% to 304,870 shares, yet BLX remains the firm's 4th largest holding, representing about 5.2% of its portfolio and roughly $14.0 million in value.
• BLX raised its quarterly dividend to $0.6875 (annualized $2.75), implying a roughly 5.7% yield with a 45% payout ratio; the record date was Feb. 25 and the payment date is Mar. 12.
• The stock has a market cap of about $1.8 billion and trades at a P/E near 7.9 after reporting $1.50 EPS for the quarter, and sell-side coverage averages a Strong Buy rating despite some mixed analyst notes.

Beddow Capital Management Inc. trimmed its position in Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX - Free Report) by 11.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 304,870 shares of the bank's stock after selling 41,156 shares during the quarter. Banco Latinoamericano de Comercio Exterior accounts for approximately 5.2% of Beddow Capital Management Inc.'s holdings, making the stock its 4th biggest holding. Beddow Capital Management Inc. owned about 0.82% of Banco Latinoamericano de Comercio Exterior worth $14,015,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. boosted its stake in shares of 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 valued at $5,648,000 after purchasing an additional 5,600 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in Banco Latinoamericano de Comercio Exterior by 7.5% in the third quarter. SBI Securities Co. Ltd. now owns 3,746 shares of the bank's stock worth $172,000 after buying an additional 261 shares during the period. Rhumbline Advisers boosted its position in Banco Latinoamericano de Comercio Exterior by 11.5% during the 2nd quarter. Rhumbline Advisers now owns 46,968 shares of the bank's stock valued at $1,893,000 after acquiring an additional 4,843 shares in the last quarter. EMC Capital Management purchased a new position in shares of Banco Latinoamericano de Comercio Exterior during the 2nd quarter worth approximately $273,000. Finally, LSV Asset Management grew its holdings in shares of Banco Latinoamericano de Comercio Exterior by 2.4% during the 2nd quarter. LSV Asset Management now owns 1,213,835 shares of the bank's stock worth $48,918,000 after acquiring an additional 28,375 shares during the period. 19.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BLX shares. Weiss Ratings upgraded Banco Latinoamericano de Comercio Exterior from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Monday, January 26th. Wall Street Zen cut shares of Banco Latinoamericano de Comercio Exterior from a "buy" rating to a "hold" rating in a report on Saturday, November 22nd. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock currently has an average rating of "Strong Buy".

Banco Latinoamericano de Comercio Exterior Stock Performance

Shares of BLX stock opened at $48.37 on Friday. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 7.92 and a beta of 0.83. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.02 and a current ratio of 1.62. Banco Latinoamericano de Comercio Exterior, S.A. has a one year low of $31.14 and a one year high of $51.99. The company's 50-day moving average is $47.37 and its 200 day moving average is $45.96.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX - Get Free Report) last issued its earnings results on Thursday, February 12th. The bank reported $1.50 earnings per share (EPS) for the quarter. Banco Latinoamericano de Comercio Exterior had a net margin of 27.11% and a return on equity of 14.85%. The business had revenue of $88.80 million during the quarter. Sell-side analysts expect that Banco Latinoamericano de Comercio Exterior, S.A. will post 4.6 EPS for the current fiscal year.

Banco Latinoamericano de Comercio Exterior Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Wednesday, February 25th will be given a $0.6875 dividend. This is a boost from Banco Latinoamericano de Comercio Exterior's previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $2.75 annualized dividend and a yield of 5.7%. Banco Latinoamericano de Comercio Exterior's payout ratio is currently 45.01%.

Banco Latinoamericano de Comercio Exterior 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.

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