Beddow Capital Management Inc. Decreases Holdings in Banco Latinoamericano de Comercio Exterior, S.A. $BLX

Beddow Capital Management Inc. trimmed its position in Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) by 3.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 294,135 shares of the bank’s stock after selling 10,735 shares during the period. Banco Latinoamericano de Comercio Exterior comprises approximately 5.0% of Beddow Capital Management Inc.’s holdings, making the stock its 7th largest holding. Beddow Capital Management Inc.’s holdings in Banco Latinoamericano de Comercio Exterior were worth $13,118,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. SBI Securities Co. Ltd. boosted its position in Banco Latinoamericano de Comercio Exterior by 7.5% in the 3rd quarter. SBI Securities Co. Ltd. now owns 3,746 shares of the bank’s stock valued at $172,000 after buying an additional 261 shares during the last quarter. Diversified Trust Co. bought a new position in Banco Latinoamericano de Comercio Exterior in the 4th quarter valued at $200,000. Ramirez Asset Management Inc. boosted its position in Banco Latinoamericano de Comercio Exterior by 12.0% in the 3rd quarter. Ramirez Asset Management Inc. now owns 39,988 shares of the bank’s stock valued at $1,838,000 after buying an additional 4,270 shares during the last quarter. Hillsdale Investment Management Inc. boosted its position in Banco Latinoamericano de Comercio Exterior by 4.8% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 122,864 shares of the bank’s stock valued at $5,648,000 after buying an additional 5,600 shares during the last quarter. Finally, LSV Asset Management boosted its position in Banco Latinoamericano de Comercio Exterior by 1.3% in the 4th quarter. LSV Asset Management now owns 1,163,826 shares of the bank’s stock valued at $51,907,000 after buying an additional 15,291 shares during the last quarter. 19.47% of the stock is currently owned by institutional investors.

Banco Latinoamericano de Comercio Exterior Stock Down 0.3%

NYSE:BLX opened at $56.03 on Tuesday. Banco Latinoamericano de Comercio Exterior, S.A. has a 12-month low of $38.41 and a 12-month high of $57.79. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 2.40. The firm has a market capitalization of $2.09 billion, a P/E ratio of 9.31 and a beta of 0.81. The stock’s fifty day simple moving average is $54.43 and its 200-day simple moving average is $49.50.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last posted its quarterly earnings results on Tuesday, April 28th. The bank reported $1.31 earnings per share (EPS) for the quarter. The business had revenue of $83.10 million for the quarter. Banco Latinoamericano de Comercio Exterior had a return on equity of 14.36% and a net margin of 27.77%.

Banco Latinoamericano de Comercio Exterior Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Friday, May 8th were issued a dividend of $0.6875 per share. The ex-dividend date was Friday, May 8th. This represents a $2.75 annualized dividend and a yield of 4.9%. Banco Latinoamericano de Comercio Exterior’s payout ratio is currently 45.68%.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Banco Latinoamericano de Comercio Exterior from a “buy (a)” rating to a “buy (a-)” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Banco Latinoamericano de Comercio Exterior currently has an average 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.