Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Shares Sold by LSV Asset Management

LSV Asset Management cut its holdings in Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Free Report) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 953,486 shares of the bank's stock after selling 45,622 shares during the period. LSV Asset Management owned 2.62% of Banco Latinoamericano de Comercio Exterior, S. A. worth $23,589,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC purchased a new stake in Banco Latinoamericano de Comercio Exterior, S. A. in the third quarter valued at approximately $976,000. Ramirez Asset Management Inc. purchased a new stake in Banco Latinoamericano de Comercio Exterior, S. A. in the third quarter valued at approximately $630,000. Finally, Diversified Trust Co purchased a new stake in Banco Latinoamericano de Comercio Exterior, S. A. in the third quarter valued at approximately $488,000. 19.47% of the stock is currently owned by institutional investors and hedge funds.

Banco Latinoamericano de Comercio Exterior, S. A. Stock Down 0.6 %

Shares of Banco Latinoamericano de Comercio Exterior, S. A. stock traded down $0.20 during trading hours on Tuesday, reaching $30.75. 153,090 shares of the company were exchanged, compared to its average volume of 129,354. Banco Latinoamericano de Comercio Exterior, S. A. has a 1 year low of $17.82 and a 1 year high of $31.62. The stock's fifty day moving average is $29.19 and its 200 day moving average is $26.07. The company has a debt-to-equity ratio of 3.62, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a market cap of $1.12 billion, a PE ratio of 6.22 and a beta of 1.19.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The bank reported $1.27 earnings per share for the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a return on equity of 15.51% and a net margin of 23.34%. The business had revenue of $77.79 million for the quarter. As a group, equities research analysts forecast that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 earnings per share for the current year.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Monday, April 29th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, April 26th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.50%. This is an increase from Banco Latinoamericano de Comercio Exterior, S. A.'s previous quarterly dividend of $0.39. Banco Latinoamericano de Comercio Exterior, S. A.'s payout ratio is presently 40.49%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Banco Latinoamericano de Comercio Exterior, S. A. from a "buy" rating to a "hold" rating in a research report on Tuesday, February 27th.

Banco Latinoamericano de Comercio Exterior, S. A. 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 through two segments, Commercial and Treasury. It also 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.