Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Sees Large Volume Increase – Here’s Why

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) shares saw unusually-strong trading volume on Wednesday . Approximately 120,116 shares were traded during trading, a decline of 4% from the previous session’s volume of 124,545 shares.The stock last traded at $35.80 and had previously closed at $35.72.

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

The company has a debt-to-equity ratio of 2.73, a current ratio of 1.77 and a quick ratio of 1.77. The stock has a 50-day moving average price of $33.87 and a 200-day moving average price of $31.83. The firm has a market capitalization of $1.33 billion, a PE ratio of 6.67 and a beta of 1.17.

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

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 8th were issued 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 5.48%. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio is presently 36.56%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BLX. Sagil Capital LLP lifted its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 72.8% in the 2nd quarter. Sagil Capital LLP now owns 189,118 shares of the bank’s stock worth $5,611,000 after buying an additional 79,701 shares during the last quarter. Beddow Capital Management Inc. raised its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 1.0% during the 2nd quarter. Beddow Capital Management Inc. now owns 383,738 shares of the bank’s stock worth $11,386,000 after purchasing an additional 3,771 shares during the period. LSV Asset Management grew its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 18.8% during the 2nd quarter. LSV Asset Management now owns 1,143,824 shares of the bank’s stock worth $33,937,000 after buying an additional 181,300 shares during the last quarter. Meeder Asset Management Inc. increased its position 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 worth $29,000 after buying an additional 424 shares during the period. Finally, Rhumbline Advisers lifted its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 0.9% in the second quarter. Rhumbline Advisers now owns 47,093 shares of the bank’s stock valued at $1,397,000 after buying an additional 411 shares during the last quarter. 19.47% of the stock is owned by institutional investors and hedge funds.

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.