Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX – Get Free Report) was the target of a large growth in short interest in the month of 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 shares of the company are short sold. Based on an average daily trading volume, of 184,125 shares, the short-interest ratio is presently 2.8 days.
Banco Latinoamericano de Comercio Exterior Stock Performance
Shares of BLX stock traded up $0.87 during midday trading on Friday, hitting $60.52. 175,927 shares of the company were exchanged, compared to its average volume of 173,079. The firm has a market capitalization of $2.25 billion, a P/E ratio of 10.05 and a beta of 0.81. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.52 and a current ratio of 1.52. The firm’s 50 day moving average price is $55.10 and its two-hundred day moving average price is $49.91. Banco Latinoamericano de Comercio Exterior has a 52 week low of $38.41 and a 52 week high of $61.08.
Banco Latinoamericano de Comercio Exterior (NYSE:BLX – Get Free Report) last announced its earnings results on Tuesday, April 28th. The bank reported $1.31 EPS for the quarter. The business had revenue of $83.10 million during the quarter. Banco Latinoamericano de Comercio Exterior had a net margin of 27.77% and a return on equity of 14.36%.
Banco Latinoamericano de Comercio Exterior Dividend Announcement
Institutional Trading of Banco Latinoamericano de Comercio Exterior
A number of institutional investors have recently bought and sold shares of BLX. LSV Asset Management boosted its holdings in Banco Latinoamericano de Comercio Exterior by 1.3% in the 4th quarter. LSV Asset Management now owns 1,163,826 shares of the bank’s stock valued at $51,907,000 after purchasing an additional 15,291 shares during the period. Hillsdale Investment Management Inc. boosted its holdings in 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 purchasing an additional 5,600 shares during the period. Diversified Trust Co. bought a new stake in Banco Latinoamericano de Comercio Exterior in the 4th quarter valued at about $200,000. Ramirez Asset Management Inc. boosted its holdings 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 period. Finally, Diversified Trust Co boosted its holdings in Banco Latinoamericano de Comercio Exterior by 63.0% in the 1st quarter. Diversified Trust Co now owns 7,316 shares of the bank’s stock valued at $374,000 after purchasing an additional 2,827 shares during the period. Institutional investors own 19.47% of the company’s stock.
Analysts Set New Price Targets
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 investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.
Read Our Latest Research Report on BLX
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.
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