Thomas White International Ltd. Has $2.39 Million Stake in Banco Latinoamericano de Comerci Extr SA (BLX)

Thomas White International Ltd. grew its stake in shares of Banco Latinoamericano de Comerci Extr SA (NYSE:BLX) by 24.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 119,844 shares of the bank’s stock after buying an additional 23,320 shares during the period. Thomas White International Ltd.’s holdings in Banco Latinoamericano de Comerci Extr were worth $2,387,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Rhumbline Advisers increased its stake in Banco Latinoamericano de Comerci Extr by 43.4% in the 4th quarter. Rhumbline Advisers now owns 43,366 shares of the bank’s stock worth $750,000 after acquiring an additional 13,131 shares during the last quarter. Motley Fool Wealth Management LLC increased its stake in Banco Latinoamericano de Comerci Extr by 2.0% in the 4th quarter. Motley Fool Wealth Management LLC now owns 461,427 shares of the bank’s stock worth $7,983,000 after acquiring an additional 9,225 shares during the last quarter. Finally, Paradice Investment Management LLC increased its stake in Banco Latinoamericano de Comerci Extr by 3.0% in the 4th quarter. Paradice Investment Management LLC now owns 2,389,375 shares of the bank’s stock worth $41,336,000 after acquiring an additional 69,018 shares during the last quarter. 15.53% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have issued reports on BLX. Raymond James reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Banco Latinoamericano de Comerci Extr in a research note on Thursday, May 9th. BMO Capital Markets reaffirmed an “average” rating and issued a $22.00 price objective on shares of Banco Latinoamericano de Comerci Extr in a research note on Sunday, March 3rd. Finally, ValuEngine raised Banco Latinoamericano de Comerci Extr from a “strong sell” rating to a “sell” rating in a research note on Thursday, February 28th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $22.75.

NYSE:BLX traded up $0.27 during trading hours on Tuesday, reaching $20.98. The stock had a trading volume of 11,443 shares, compared to its average volume of 86,092. The company has a debt-to-equity ratio of 2.52, a current ratio of 2.18 and a quick ratio of 2.49. Banco Latinoamericano de Comerci Extr SA has a 52 week low of $15.31 and a 52 week high of $27.81. The company has a market cap of $818.83 million, a price-to-earnings ratio of 74.93 and a beta of 1.36.

Banco Latinoamericano de Comerci Extr (NYSE:BLX) last released its earnings results on Wednesday, April 17th. The bank reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.03. The firm had revenue of $32.07 million for the quarter, compared to the consensus estimate of $36.60 million. Banco Latinoamericano de Comerci Extr had a return on equity of 7.27% and a net margin of 6.15%. As a group, analysts anticipate that Banco Latinoamericano de Comerci Extr SA will post 2.1 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Monday, April 29th were given a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a dividend yield of 7.34%. The ex-dividend date of this dividend was Friday, April 26th. Banco Latinoamericano de Comerci Extr’s dividend payout ratio is currently 550.00%.

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Banco Latinoamericano de Comerci Extr Company Profile

Banco Latinoamericano de Comercio Exterior, SA, 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 offers short and medium-term bilateral, structured and syndicated credits, and loan commitments; letter of credit contingencies, such as issued and confirmed letters of credit, and stand-by letters of credit; and guarantees covering commercial risk and other assets.

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Institutional Ownership by Quarter for Banco Latinoamericano de Comerci Extr (NYSE:BLX)

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