33,263 Shares in Banco Latinoamericano de Comercio Exterior, S.A. (BLX) Purchased by Sterling Capital Management LLC

Sterling Capital Management LLC purchased a new stake in Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 33,263 shares of the bank’s stock, valued at approximately $979,000. Sterling Capital Management LLC owned approximately 0.08% of Banco Latinoamericano de Comercio Exterior as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Rhumbline Advisers lifted its holdings in Banco Latinoamericano de Comercio Exterior by 0.3% during the 2nd quarter. Rhumbline Advisers now owns 37,617 shares of the bank’s stock worth $1,030,000 after purchasing an additional 108 shares during the last quarter. Schafer Cullen Capital Management Inc. lifted its holdings in Banco Latinoamericano de Comercio Exterior by 3.0% during the 2nd quarter. Schafer Cullen Capital Management Inc. now owns 123,279 shares of the bank’s stock worth $3,375,000 after purchasing an additional 3,620 shares during the last quarter. Uniplan Investment Counsel Inc. acquired a new stake in Banco Latinoamericano de Comercio Exterior during the 3rd quarter worth approximately $5,992,000. LSV Asset Management lifted its holdings in Banco Latinoamericano de Comercio Exterior by 0.7% during the 2nd quarter. LSV Asset Management now owns 1,860,019 shares of the bank’s stock worth $50,927,000 after purchasing an additional 13,600 shares during the last quarter. Finally, Paradice Investment Management LLC lifted its holdings in Banco Latinoamericano de Comercio Exterior by 4.3% during the 2nd quarter. Paradice Investment Management LLC now owns 1,886,159 shares of the bank’s stock worth $51,643,000 after purchasing an additional 77,600 shares during the last quarter. Hedge funds and other institutional investors own 15.75% of the company’s stock.

Separately, Zacks Investment Research cut Banco Latinoamericano de Comercio Exterior from a “hold” rating to a “sell” rating in a report on Wednesday, November 22nd. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The company has a consensus rating of “Sell” and an average target price of $27.50.

Shares of Banco Latinoamericano de Comercio Exterior, S.A. (NYSE BLX) traded up $0.23 during midday trading on Thursday, reaching $29.92. The company’s stock had a trading volume of 144,200 shares, compared to its average volume of 151,277. Banco Latinoamericano de Comercio Exterior, S.A. has a 52-week low of $25.51 and a 52-week high of $30.45. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.63 and a quick ratio of 1.63. The firm has a market cap of $1,180.00, a PE ratio of 15.75 and a beta of 1.64.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last issued its quarterly earnings results on Friday, October 20th. The bank reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.04). Banco Latinoamericano de Comercio Exterior had a net margin of 29.97% and a return on equity of 7.32%. The business had revenue of $31.07 million during the quarter, compared to the consensus estimate of $37.94 million. equities research analysts expect that Banco Latinoamericano de Comercio Exterior, S.A. will post 2.11 earnings per share for the current fiscal year.

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Banco Latinoamericano de Comercio Exterior Profile

Banco Latinoamericano de Comercio Exterior, SA (the Bank) is a specialized multinational bank. The Bank is established to support the financing of trade and economic integration in Latin America and the Caribbean. The Company operates in two segments: Commercial and Treasury. The Bank’s Commercial segment incorporates all of the Bank’s financial intermediation and fees generated by the commercial portfolio activities, such as origination of bilateral and syndicated credits, short- and medium-term loans, acceptances and contingent credits.

Institutional Ownership by Quarter for Banco Latinoamericano de Comercio Exterior (NYSE:BLX)

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