LSV Asset Management Reduces Stake in Banco Latinoamericano de Comercio Exterior, S.A. $BLX

LSV Asset Management reduced its stake in shares of Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) by 5.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,148,535 shares of the bank’s stock after selling 65,300 shares during the quarter. LSV Asset Management owned about 3.08% of Banco Latinoamericano de Comercio Exterior worth $52,798,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of BLX. PNC Financial Services Group Inc. purchased a new position in shares of Banco Latinoamericano de Comercio Exterior in the 2nd quarter worth approximately $25,000. SBI Securities Co. Ltd. boosted its stake in Banco Latinoamericano de Comercio Exterior by 21.9% during the second quarter. SBI Securities Co. Ltd. now owns 3,485 shares of the bank’s stock worth $140,000 after buying an additional 626 shares during the period. EMC Capital Management bought a new position in Banco Latinoamericano de Comercio Exterior during the second quarter valued at $273,000. Finally, Rhumbline Advisers raised its stake in shares of Banco Latinoamericano de Comercio Exterior by 11.5% in the second quarter. Rhumbline Advisers now owns 46,968 shares of the bank’s stock valued at $1,893,000 after acquiring an additional 4,843 shares during the period. 19.47% of the stock is owned by institutional investors.

Banco Latinoamericano de Comercio Exterior Price Performance

Shares of BLX opened at $49.72 on Friday. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 8.27 and a beta of 0.83. Banco Latinoamericano de Comercio Exterior, S.A. has a 1-year low of $31.14 and a 1-year high of $51.00. The company has a 50-day moving average of $45.73 and a 200 day moving average of $45.19.

Banco Latinoamericano de Comercio Exterior Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Wednesday, February 25th will be issued a $0.6875 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $2.75 annualized dividend and a dividend yield of 5.5%. This is a positive change from Banco Latinoamericano de Comercio Exterior’s previous quarterly dividend of $0.63. Banco Latinoamericano de Comercio Exterior’s dividend payout ratio (DPR) is currently 41.60%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Weiss Ratings upgraded shares of Banco Latinoamericano de Comercio Exterior from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, January 26th. Wall Street Zen cut Banco Latinoamericano de Comercio Exterior from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company 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.