Los Angeles Capital Management LLC Has $1.38 Million Stake in Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX)

Los Angeles Capital Management LLC grew its stake in Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) by 21.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,805 shares of the bank’s stock after buying an additional 9,771 shares during the period. Los Angeles Capital Management LLC owned approximately 0.15% of Banco Latinoamericano de Comercio Exterior, S. A. worth $1,381,000 as of its most recent SEC filing.

Separately, Ramirez Asset Management Inc. acquired a new position in Banco Latinoamericano de Comercio Exterior, S. A. during the 3rd quarter worth $630,000. 19.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered Banco Latinoamericano de Comercio Exterior, S. A. from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th.

Banco Latinoamericano de Comercio Exterior, S. A. Trading Down 0.3 %

Shares of Banco Latinoamericano de Comercio Exterior, S. A. stock opened at $30.66 on Thursday. Banco Latinoamericano de Comercio Exterior, S. A. has a 1 year low of $17.82 and a 1 year high of $31.62. The company’s fifty day simple moving average is $29.25 and its 200-day simple moving average is $26.10. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 6.21 and a beta of 1.19. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 3.62.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last posted its quarterly earnings results on Thursday, February 22nd. The bank reported $1.27 earnings per share (EPS) for the quarter. The company had revenue of $77.79 million for the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a net margin of 23.34% and a return on equity of 15.51%. As a group, sell-side analysts expect that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 EPS for the current year.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Monday, April 29th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 6.52%. This is a positive change from Banco Latinoamericano de Comercio Exterior, S. A.’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Friday, April 26th. Banco Latinoamericano de Comercio Exterior, S. A.’s payout ratio is currently 40.49%.

About Banco Latinoamericano de Comercio Exterior, S. A.

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 through two segments, Commercial and Treasury. It also 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.