Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Sets New 52-Week High – Here’s Why

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $39.30 and last traded at $39.11, with a volume of 734 shares trading hands. The stock had previously closed at $38.80.

Banco Latinoamericano de Comercio Exterior, S. A. Trading Up 1.4 %

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 company has a fifty day simple moving average of $35.42 and a two-hundred day simple moving average of $33.03. The company has a market capitalization of $1.44 billion, a P/E ratio of 7.19 and a beta of 1.16.

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

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th were given a $0.50 dividend. The ex-dividend date was Friday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 5.09%. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio is 36.56%.

Hedge Funds Weigh In On Banco Latinoamericano de Comercio Exterior, S. A.

An institutional investor recently raised its position in Banco Latinoamericano de Comercio Exterior, S. A. stock. Beddow Capital Management Inc. raised its position in Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) by 1.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 391,161 shares of the bank’s stock after acquiring an additional 7,423 shares during the period. Banco Latinoamericano de Comercio Exterior, S. A. comprises approximately 5.2% of Beddow Capital Management Inc.’s holdings, making the stock its 4th largest holding. Beddow Capital Management Inc. owned 1.07% of Banco Latinoamericano de Comercio Exterior, S. A. worth $12,709,000 at the end of the most recent reporting period. 19.47% of the stock is owned by hedge funds and other institutional investors.

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.