Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Stock Price Down 6.9% - Time to Sell?

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX - Get Free Report) shares were down 6.9% during mid-day trading on Wednesday . The company traded as low as $38.41 and last traded at $41.78. Approximately 259,678 shares changed hands during mid-day trading, an increase of 107% from the average daily volume of 125,621 shares. The stock had previously closed at $44.88.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BLX shares. Weiss Ratings restated a "buy (b+)" rating on shares of Banco Latinoamericano de Comercio Exterior in a research report on Wednesday, October 8th. Wall Street Zen upgraded Banco Latinoamericano de Comercio Exterior from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy".

Read Our Latest Report on BLX

Banco Latinoamericano de Comercio Exterior Price Performance

The firm has a market capitalization of $1.57 billion, a P/E ratio of 7.07 and a beta of 0.89. The firm has a 50-day moving average price of $45.97 and a two-hundred day moving average price of $42.72.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX - Get Free Report) last released its earnings results on Tuesday, October 28th. The bank reported $1.48 earnings per share for the quarter. The business had revenue of $82.78 million during the quarter. Banco Latinoamericano de Comercio Exterior had a return on equity of 16.23% and a net margin of 26.32%. Sell-side analysts predict that Banco Latinoamericano de Comercio Exterior, S.A. will post 4.6 earnings per share for the current fiscal year.

Banco Latinoamericano de Comercio Exterior Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Friday, August 15th were issued a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 5.9%. The ex-dividend date was Friday, August 15th. Banco Latinoamericano de Comercio Exterior's payout ratio is presently 41.88%.

Institutional Trading of Banco Latinoamericano de Comercio Exterior

Several institutional investors and hedge funds have recently made changes to their positions in BLX. LSV Asset Management raised its holdings in shares of Banco Latinoamericano de Comercio Exterior by 2.4% in the second quarter. LSV Asset Management now owns 1,213,835 shares of the bank's stock valued at $48,918,000 after acquiring an additional 28,375 shares in the last quarter. EMC Capital Management bought a new position in Banco Latinoamericano de Comercio Exterior in the second quarter worth about $273,000. Ramirez Asset Management Inc. lifted its position in shares of Banco Latinoamericano de Comercio Exterior by 20.3% during the second quarter. Ramirez Asset Management Inc. now owns 35,718 shares of the bank's stock valued at $1,439,000 after buying an additional 6,020 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Banco Latinoamericano de Comercio Exterior by 11.5% during the second quarter. Rhumbline Advisers now owns 46,968 shares of the bank's stock valued at $1,893,000 after buying an additional 4,843 shares during the last quarter. Finally, SBI Securities Co. Ltd. lifted its position in shares of Banco Latinoamericano de Comercio Exterior by 36.8% during the first quarter. SBI Securities Co. Ltd. now owns 2,859 shares of the bank's stock valued at $105,000 after buying an additional 769 shares during the last quarter. 19.47% of the stock is currently owned by institutional investors.

Banco Latinoamericano de Comercio Exterior 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.

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