Uniplan Investment Counsel Inc. Sells 28,675 Shares of Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX)

Uniplan Investment Counsel Inc. reduced its stake in Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) by 9.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 263,212 shares of the bank’s stock after selling 28,675 shares during the quarter. Uniplan Investment Counsel Inc. owned approximately 0.72% of Banco Latinoamericano de Comercio Exterior, S. A. worth $9,362,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sterling Capital Management LLC increased its position in Banco Latinoamericano de Comercio Exterior, S. A. by 5.7% in the fourth quarter. Sterling Capital Management LLC now owns 14,497 shares of the bank’s stock worth $516,000 after buying an additional 779 shares in the last quarter. Motley Fool Wealth Management LLC purchased a new stake in Banco Latinoamericano de Comercio Exterior, S. A. in the 4th quarter worth approximately $1,603,000. Hillsdale Investment Management Inc. increased its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 0.7% in the 4th quarter. Hillsdale Investment Management Inc. now owns 124,864 shares of the bank’s stock worth $4,441,000 after acquiring an additional 900 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Banco Latinoamericano de Comercio Exterior, S. A. during the 4th quarter worth approximately $74,000. Finally, Longboard Asset Management LP purchased a new position in Banco Latinoamericano de Comercio Exterior, S. A. during the fourth quarter valued at approximately $202,000. 19.47% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of NYSE BLX opened at $36.57 on Tuesday. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.77 and a quick ratio of 1.77. Banco Latinoamericano de Comercio Exterior, S. A. has a 1 year low of $27.37 and a 1 year high of $42.88. The firm has a fifty day moving average price of $37.64 and a 200-day moving average price of $36.07. The stock has a market cap of $1.34 billion, a PE ratio of 6.69 and a beta of 0.88.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last issued its quarterly earnings results on Thursday, February 27th. The bank reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.33. The business had revenue of $78.40 million during the quarter, compared to analyst estimates of $54.84 million. Banco Latinoamericano de Comercio Exterior, S. A. had a return on equity of 16.01% and a net margin of 24.29%. Equities analysts anticipate 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, S. A. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Monday, March 10th were issued a dividend of $0.625 per share. This is a positive change from Banco Latinoamericano de Comercio Exterior, S. A.’s previous quarterly dividend of $0.50. This represents a $2.50 dividend on an annualized basis and a yield of 6.84%. The ex-dividend date was Monday, March 10th. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio (DPR) is 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.