Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) Sees Significant Growth in Short Interest

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 514,479 shares, an increase of 94.6% from the May 14th total of 264,325 shares. Approximately 1.4% of the company’s shares are short sold. Based on an average trading volume of 184,125 shares, the short-interest ratio is currently 2.8 days.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Banco Latinoamericano de Comercio Exterior

Several hedge funds have recently bought and sold shares of BLX. LSV Asset Management lifted its position in shares of Banco Latinoamericano de Comercio Exterior by 1.3% during 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 in the last quarter. Hillsdale Investment Management Inc. lifted its position in shares of Banco Latinoamericano de Comercio Exterior by 4.8% during 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 in the last quarter. Diversified Trust Co. purchased a new position in shares of Banco Latinoamericano de Comercio Exterior during the 4th quarter valued at approximately $200,000. Ramirez Asset Management Inc. lifted its position in shares of Banco Latinoamericano de Comercio Exterior by 12.0% during 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 in the last quarter. Finally, Diversified Trust Co lifted its position in shares of Banco Latinoamericano de Comercio Exterior by 63.0% during the 1st quarter. Diversified Trust Co now owns 7,316 shares of the bank’s stock valued at $374,000 after buying an additional 2,827 shares in the last quarter. Hedge funds and other institutional investors own 19.47% of the company’s stock.

Banco Latinoamericano de Comercio Exterior Trading Down 2.8%

Shares of BLX traded down $1.71 during trading hours on Monday, reaching $58.75. 192,971 shares of the company traded hands, compared to its average volume of 173,079. Banco Latinoamericano de Comercio Exterior has a 12-month low of $38.41 and a 12-month high of $61.19. The stock’s fifty day moving average price is $55.23 and its 200 day moving average price is $50.01. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 9.76 and a beta of 0.81. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 2.40.

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

Banco Latinoamericano de Comercio Exterior Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Friday, May 8th were given a $0.6875 dividend. This represents a $2.75 annualized dividend and a yield of 4.7%. The ex-dividend date was Friday, May 8th. Banco Latinoamericano de Comercio Exterior’s dividend payout ratio is currently 45.68%.

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.