Short Interest in Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) Increases By 23.0%

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 384,622 shares, a growth of 23.0% from the November 30th total of 312,717 shares. Based on an average daily volume of 152,152 shares, the days-to-cover ratio is presently 2.5 days. Currently, 1.0% of the shares of the stock are sold short. Currently, 1.0% of the shares of the stock are sold short. Based on an average daily volume of 152,152 shares, the days-to-cover ratio is presently 2.5 days.

Banco Latinoamericano de Comercio Exterior Trading Up 0.7%

Shares of BLX opened at $44.71 on Friday. The company’s fifty day simple moving average is $44.42 and its 200-day simple moving average is $44.18. The company has a market cap of $1.66 billion, a P/E ratio of 7.44 and a beta of 0.84. Banco Latinoamericano de Comercio Exterior has a twelve month low of $31.14 and a twelve month high of $48.38.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last issued its quarterly earnings results on Thursday, October 30th. The bank reported $1.48 EPS for the quarter. The company had revenue of $82.78 million for the quarter. Banco Latinoamericano de Comercio Exterior had a net margin of 26.58% and a return on equity of 15.42%. Analysts predict that Banco Latinoamericano de Comercio Exterior will post 4.6 earnings per share for the current fiscal year.

Banco Latinoamericano de Comercio Exterior Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Monday, November 10th were issued a dividend of $0.625 per share. The ex-dividend date was Monday, November 10th. This represents a $2.50 dividend on an annualized basis and a yield of 5.6%. Banco Latinoamericano de Comercio Exterior’s payout ratio is presently 41.60%.

Institutional Trading of Banco Latinoamericano de Comercio Exterior

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ramirez Asset Management Inc. lifted its position in shares of Banco Latinoamericano de Comercio Exterior by 20.3% during the second quarter. Ramirez Asset Management Inc. now owns 35,718 shares of the bank’s stock worth $1,439,000 after purchasing an additional 6,020 shares during the last quarter. SBI Securities Co. Ltd. boosted its position in Banco Latinoamericano de Comercio Exterior by 21.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 3,485 shares of the bank’s stock valued at $140,000 after buying an additional 626 shares during the period. PNC Financial Services Group Inc. purchased a new stake in Banco Latinoamericano de Comercio Exterior in the 2nd quarter valued at about $25,000. LSV Asset Management grew its stake in Banco Latinoamericano de Comercio Exterior by 2.4% in 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 in the last quarter. Finally, EMC Capital Management bought a new stake in shares of Banco Latinoamericano de Comercio Exterior during the second quarter valued at approximately $273,000. Hedge funds and other institutional investors own 19.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Wall Street Zen cut shares of Banco Latinoamericano de Comercio Exterior from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Weiss Ratings reissued a “buy (a-)” rating on shares of Banco Latinoamericano de Comercio Exterior in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Banco Latinoamericano de Comercio Exterior presently has a consensus rating of “Strong Buy”.

Banco Latinoamericano de Comercio Exterior Company 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.