LSV Asset Management Grows Holdings in Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX)

LSV Asset Management grew its position in shares of Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,185,460 shares of the bank's stock after acquiring an additional 27,285 shares during the period. LSV Asset Management owned about 3.24% of Banco Latinoamericano de Comercio Exterior worth $43,388,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC lifted its stake in shares of 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 worth $969,000 after buying an additional 25,830 shares in the last quarter. SBI Securities Co. Ltd. raised its position in Banco Latinoamericano de Comercio Exterior by 36.8% in the first quarter. SBI Securities Co. Ltd. now owns 2,859 shares of the bank's stock worth $105,000 after acquiring an additional 769 shares during the period. Finally, Sterling Capital Management LLC grew its holdings in 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 valued at $516,000 after purchasing an additional 779 shares during the period. Institutional investors own 19.47% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Banco Latinoamericano de Comercio Exterior from a "sell" rating to a "hold" rating in a report on Thursday, May 15th.

Banco Latinoamericano de Comercio Exterior Trading Up 1.6%

Shares of BLX traded up $0.65 during mid-day trading on Thursday, reaching $41.95. 50,044 shares of the company's stock traded hands, compared to its average volume of 126,461. The stock has a market cap of $1.53 billion, a P/E ratio of 7.03 and a beta of 0.88. Banco Latinoamericano de Comercio Exterior, S.A. has a 12 month low of $28.15 and a 12 month high of $43.24. The company has a debt-to-equity ratio of 2.92, a current ratio of 1.62 and a quick ratio of 1.62. The stock's 50-day moving average is $41.42 and its two-hundred day moving average is $39.38.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The bank reported $1.73 EPS for the quarter. The company had revenue of $90.04 million for the quarter. Banco Latinoamericano de Comercio Exterior had a return on equity of 16.46% and a net margin of 26.32%. Research analysts forecast 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Friday, August 15th will be issued a dividend of $0.625 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 6.0%. Banco Latinoamericano de Comercio Exterior's payout ratio is 44.64%.

About Banco Latinoamericano de Comercio Exterior

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.