Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) Short Interest Up 94.6% in May

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

Institutional Trading of Banco Latinoamericano de Comercio Exterior

Large investors have recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. grew its position in shares of 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 acquiring an additional 5,600 shares during the period. Ramirez Asset Management Inc. lifted its stake 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 purchasing an additional 4,270 shares during the last quarter. Diversified Trust Co. acquired a new stake in Banco Latinoamericano de Comercio Exterior in the 4th quarter valued at about $200,000. LSV Asset Management grew its holdings in Banco Latinoamericano de Comercio Exterior by 1.3% during the fourth quarter. LSV Asset Management now owns 1,163,826 shares of the bank’s stock worth $51,907,000 after purchasing an additional 15,291 shares during the period. Finally, Diversified Trust Co increased its position in Banco Latinoamericano de Comercio Exterior by 63.0% during the first quarter. Diversified Trust Co now owns 7,316 shares of the bank’s stock worth $374,000 after buying an additional 2,827 shares during the last quarter. Institutional investors and hedge funds own 19.47% of the company’s stock.

Banco Latinoamericano de Comercio Exterior Stock Up 1.0%

Shares of NYSE BLX traded up $0.60 during mid-day trading on Tuesday, hitting $59.27. The company had a trading volume of 123,959 shares, compared to its average volume of 156,887. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 2.40. The firm has a 50-day simple moving average of $55.23 and a two-hundred day simple moving average of $50.01. The company has a market capitalization of $2.21 billion, a PE ratio of 9.85 and a beta of 0.81. Banco Latinoamericano de Comercio Exterior has a one year low of $38.41 and a one year high of $61.19.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last issued its quarterly earnings results on Tuesday, April 28th. The bank reported $1.31 EPS for the quarter. The firm had revenue of $83.10 million during 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Friday, May 8th were paid a $0.6875 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $2.75 annualized dividend and a dividend yield of 4.6%. Banco Latinoamericano de Comercio Exterior’s dividend payout ratio (DPR) is currently 45.68%.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Banco Latinoamericano de Comercio Exterior from a “buy (a)” rating to a “buy (a-)” rating in a report on Wednesday, May 6th. One equities 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”.

About Banco Latinoamericano de Comercio Exterior

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.