Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Sets New 1-Year High – Here’s Why

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLXGet Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as $37.45 and last traded at $37.31, with a volume of 35045 shares. The stock had previously closed at $36.60.

Banco Latinoamericano de Comercio Exterior, S. A. Trading Up 1.6 %

The stock has a market capitalization of $1.36 billion, a P/E ratio of 6.80 and a beta of 1.16. 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 stock’s fifty day moving average price is $34.97 and its two-hundred day moving average price is $32.74.

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 issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a yield of 5.38%. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio is currently 36.56%.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BLX. Rhumbline Advisers increased its position in Banco Latinoamericano de Comercio Exterior, S. A. by 0.9% during the 2nd quarter. Rhumbline Advisers now owns 47,093 shares of the bank’s stock valued at $1,397,000 after purchasing an additional 411 shares during the period. Meeder Asset Management Inc. increased its position in 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 purchasing an additional 424 shares during the period. Sagil Capital LLP increased its position in Banco Latinoamericano de Comercio Exterior, S. A. by 72.8% during 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. Finally, Beddow Capital Management Inc. increased its position in 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 valued at $11,386,000 after purchasing an additional 3,771 shares during the period. 19.47% of the stock is currently owned by institutional investors.

About Banco Latinoamericano de Comercio Exterior, S. A.

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Banco Latinoamericano de Comercio Exterior S. A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Latinoamericano de Comercio Exterior S. A. and related companies with MarketBeat.com's FREE daily email newsletter.