Estabrook Capital Management Trims Position in Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX)

Estabrook Capital Management decreased its position in Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) by 2.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,326 shares of the bank’s stock after selling 1,145 shares during the quarter. Estabrook Capital Management owned approximately 0.11% of Banco Latinoamericano de Comercio Exterior, S. A. worth $1,167,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. LSV Asset Management lifted its stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 18.8% in the 2nd quarter. LSV Asset Management now owns 1,143,824 shares of the bank’s stock worth $33,937,000 after purchasing an additional 181,300 shares during the period. Beddow Capital Management Inc. increased its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 1.0% during the second quarter. Beddow Capital Management Inc. now owns 383,738 shares of the bank’s stock valued at $11,386,000 after buying an additional 3,771 shares during the last quarter. Sagil Capital LLP increased its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 72.8% during the second quarter. Sagil Capital LLP now owns 189,118 shares of the bank’s stock valued at $5,611,000 after buying an additional 79,701 shares during the last quarter. Hillsdale Investment Management Inc. bought a new position in Banco Latinoamericano de Comercio Exterior, S. A. in the first quarter worth approximately $3,002,000. Finally, Rhumbline Advisers boosted its stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 0.9% during the 2nd quarter. Rhumbline Advisers now owns 47,093 shares of the bank’s stock worth $1,397,000 after acquiring an additional 411 shares during the last quarter. 19.47% of the stock is owned by hedge funds and other institutional investors.

Banco Latinoamericano de Comercio Exterior, S. A. Stock Down 0.5 %

BLX stock opened at $32.75 on Friday. The business’s 50-day moving average price is $30.99 and its 200-day moving average price is $30.10. The stock has a market cap of $1.20 billion, a P/E ratio of 6.63 and a beta of 1.17. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 2.80. Banco Latinoamericano de Comercio Exterior, S. A. has a twelve month low of $20.01 and a twelve month high of $34.45.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last released its earnings results on Tuesday, July 23rd. The bank reported $1.36 EPS for the quarter. The company had revenue of $75.04 million for the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a net margin of 23.87% and a return on equity of 15.91%. On average, equities research analysts forecast that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 EPS for the current year.

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Monday, August 5th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.11%. The ex-dividend date was Monday, August 5th. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio (DPR) is 40.49%.

Analyst Ratings Changes

Separately, Scotiabank upped their price objective on Banco Latinoamericano de Comercio Exterior, S. A. from $38.00 to $42.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, June 12th.

Banco Latinoamericano de Comercio Exterior, S. A. 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.