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

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

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

The business has a 50-day moving average of $33.82 and a 200 day moving average of $31.79. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 2.73. The firm has a market capitalization of $1.31 billion, a P/E ratio of 6.51 and a beta of 1.17.

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

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders 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 dividend yield of 5.60%. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio is 36.56%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Beddow Capital Management Inc. raised its holdings in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 1.9% in the third quarter. Beddow Capital Management Inc. now owns 391,161 shares of the bank’s stock valued at $12,709,000 after purchasing an additional 7,423 shares during the last quarter. Sagil Capital LLP raised its stake 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 buying an additional 79,701 shares during the period. Meeder Asset Management Inc. lifted its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 77.8% during the 2nd quarter. Meeder Asset Management Inc. now owns 969 shares of the bank’s stock valued at $29,000 after buying an additional 424 shares during the last quarter. LSV Asset Management grew its stake in shares of 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 acquiring an additional 181,300 shares during the period. Finally, Rhumbline Advisers increased its holdings 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 worth $1,397,000 after acquiring an additional 411 shares during the last quarter. 19.47% of the stock is owned by institutional investors.

About Banco Latinoamericano de Comercio Exterior, S. A.

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.