Motley Fool Wealth Management LLC Buys New Position in Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX)

Motley Fool Wealth Management LLC purchased a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) in the fourth quarter, HoldingsChannel reports. The fund purchased 43,279 shares of the bank’s stock, valued at approximately $1,603,000.

Several other hedge funds also recently made changes to their positions in the business. Longboard Asset Management LP acquired a new position in Banco Latinoamericano de Comercio Exterior, S. A. during the fourth quarter worth $202,000. SBI Securities Co. Ltd. bought a new stake in Banco Latinoamericano de Comercio Exterior, S. A. during the 4th quarter worth about $74,000. Finally, Hillsdale Investment Management Inc. boosted its stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 0.7% during the 4th quarter. Hillsdale Investment Management Inc. now owns 124,864 shares of the bank’s stock worth $4,441,000 after buying an additional 900 shares during the last quarter. 19.47% of the stock is owned by institutional investors.

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

NYSE:BLX opened at $37.95 on Thursday. Banco Latinoamericano de Comercio Exterior, S. A. has a 52-week low of $27.37 and a 52-week high of $42.88. The company has a market cap of $1.39 billion, a P/E ratio of 6.94 and a beta of 1.13. 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 stock’s 50-day simple moving average is $38.40 and its 200 day simple moving average is $35.47.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last posted its quarterly earnings results on Thursday, February 27th. The bank reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $78.40 million during the quarter, compared to the consensus estimate of $54.84 million. As a group, sell-side analysts forecast 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 company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Monday, March 10th were paid a $0.625 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.50 dividend on an annualized basis and a yield of 6.59%. This is a boost from Banco Latinoamericano de Comercio Exterior, S. A.’s previous quarterly dividend of $0.50. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio (DPR) is currently 44.64%.

Banco Latinoamericano de Comercio Exterior, S. A. Company 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.