SBI Securities Co. Ltd. Makes New $74,000 Investment in Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX)

SBI Securities Co. Ltd. bought a new stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) in the fourth quarter, Holdings Channel reports. The fund bought 2,090 shares of the bank’s stock, valued at approximately $74,000.

Separately, Longboard Asset Management LP purchased a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the 4th quarter worth about $202,000. Institutional investors and hedge funds own 19.47% of the company’s stock.

Banco Latinoamericano de Comercio Exterior, S. A. Stock Performance

Shares of BLX stock opened at $39.63 on Monday. The company’s 50-day moving average is $38.00 and its 200 day moving average is $34.85. Banco Latinoamericano de Comercio Exterior, S. A. has a one year low of $27.37 and a one year high of $42.88. The company has a debt-to-equity ratio of 2.73, a quick ratio of 1.77 and a current ratio of 1.77. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 7.24 and a beta of 1.13.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last released its quarterly earnings data on Thursday, February 27th. The bank reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.33. Banco Latinoamericano de Comercio Exterior, S. A. had a return on equity of 16.01% and a net margin of 24.29%. The business had revenue of $78.40 million for the quarter, compared to analysts’ expectations of $54.84 million. Sell-side analysts expect that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 EPS for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Monday, March 10th will be given a dividend of $0.625 per share. The ex-dividend date of this dividend is Monday, March 10th. This is a boost from Banco Latinoamericano de Comercio Exterior, S. A.’s previous quarterly dividend of $0.50. This represents a $2.50 annualized dividend and a dividend yield of 6.31%. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio (DPR) is 44.64%.

Banco Latinoamericano de Comercio Exterior, S. A. Profile

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 in two segments, Commercial and Treasury. It 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.