Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Reaches New 1-Year High – Should You Buy?

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $36.10 and last traded at $36.00, with a volume of 112554 shares traded. The stock had previously closed at $35.31.

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

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 has a market cap of $1.30 billion, a PE ratio of 6.52 and a beta of 1.17. The firm’s 50-day moving average is $33.90 and its 200 day moving average is $31.85.

Banco Latinoamericano de Comercio Exterior, S. A. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 8th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 5.61%. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio is presently 36.56%.

Institutional Investors Weigh In On Banco Latinoamericano de Comercio Exterior, S. A.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rhumbline Advisers lifted its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 0.9% in the 2nd quarter. Rhumbline Advisers now owns 47,093 shares of the bank’s stock valued at $1,397,000 after acquiring an additional 411 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 77.8% in the second quarter. Meeder Asset Management Inc. now owns 969 shares of the bank’s stock valued at $29,000 after purchasing an additional 424 shares during the last quarter. Beddow Capital Management Inc. increased its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 1.0% in the 2nd quarter. Beddow Capital Management Inc. now owns 383,738 shares of the bank’s stock valued at $11,386,000 after buying an additional 3,771 shares in the last quarter. Sagil Capital LLP lifted its holdings in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 72.8% in the second quarter. Sagil Capital LLP now owns 189,118 shares of the bank’s stock valued at $5,611,000 after purchasing an additional 79,701 shares in the last quarter. Finally, LSV Asset Management boosted its position in Banco Latinoamericano de Comercio Exterior, S. A. by 18.8% during the second quarter. LSV Asset Management now owns 1,143,824 shares of the bank’s stock valued at $33,937,000 after purchasing an additional 181,300 shares during the last quarter. Institutional investors own 19.47% of the company’s stock.

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.