Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Short Interest Update

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 388,900 shares, an increase of 32.4% from the April 30th total of 293,800 shares. Currently, 1.4% of the company's shares are sold short. Based on an average daily trading volume, of 138,300 shares, the days-to-cover ratio is currently 2.8 days.

Analyst Ratings Changes

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

Banco Latinoamericano de Comercio Exterior, S. A. Stock Down 0.2%

NYSE:BLX traded down $0.10 during mid-day trading on Thursday, hitting $40.84. The company had a trading volume of 67,884 shares, compared to its average volume of 126,440. The business has a fifty day simple moving average of $38.55 and a 200-day simple moving average of $37.51. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 7.47 and a beta of 0.87. Banco Latinoamericano de Comercio Exterior, S. A. has a 1 year low of $27.37 and a 1 year high of $42.88. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 2.73.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report) last posted its earnings results on Monday, May 5th. The bank reported $1.40 earnings per share (EPS) for the quarter. The business had revenue of $77.95 million during the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a return on equity of 16.01% and a net margin of 24.29%. Equities 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, S. A. Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 6.12%. Banco Latinoamericano de Comercio Exterior, S. A.'s dividend payout ratio is currently 44.64%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. increased its stake in Banco Latinoamericano de Comercio Exterior, S. A. 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 during the period. Sterling Capital Management LLC increased its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. 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 last quarter. Hillsdale Investment Management Inc. lifted its stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 0.7% in the fourth quarter. Hillsdale Investment Management Inc. now owns 124,864 shares of the bank's stock worth $4,441,000 after acquiring an additional 900 shares in the last quarter. Longboard Asset Management LP acquired a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the fourth quarter worth about $202,000. Finally, GAMMA Investing LLC boosted its holdings in Banco Latinoamericano de Comercio Exterior, S. A. 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 last quarter. 19.47% of the stock is owned by institutional investors and hedge funds.

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 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.