Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Sets New 52-Week High – Still a Buy?

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $36.74 and last traded at $36.69, with a volume of 77554 shares trading hands. The stock had previously closed at $35.56.

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

The company’s 50 day moving average is $34.48 and its 200-day moving average is $32.38. The firm has a market capitalization of $1.34 billion, a P/E ratio of 6.71 and a beta of 1.17. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 2.73.

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

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 8th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date of this dividend was Friday, November 8th. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio (DPR) is currently 36.56%.

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

Hedge funds have recently added to or reduced their stakes in the company. Sagil Capital LLP grew its position in 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 valued at $5,611,000 after purchasing an additional 79,701 shares during the period. Beddow Capital Management Inc. grew its holdings in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 1.0% during the second 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 during the last quarter. LSV Asset Management increased its position in shares of 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 worth $33,937,000 after acquiring an additional 181,300 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 77.8% in the 2nd quarter. Meeder Asset Management Inc. now owns 969 shares of the bank’s stock worth $29,000 after acquiring an additional 424 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in 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. Institutional investors and hedge funds 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.