Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Reaches New 12-Month High – What’s Next?

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $34.74 and last traded at $34.71, with a volume of 6341 shares trading hands. The stock had previously closed at $34.41.

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

The stock’s fifty day simple moving average is $32.36 and its two-hundred day simple moving average is $31.00. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 6.24 and a beta of 1.17. The company has a debt-to-equity ratio of 2.73, a quick ratio of 1.62 and a current ratio of 1.77.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 8th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 5.85%. 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.

A number of hedge funds and other institutional investors have recently made changes to their positions in BLX. LSV Asset Management raised its stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 18.8% in the 2nd quarter. LSV Asset Management now owns 1,143,824 shares of the bank’s stock valued at $33,937,000 after purchasing an additional 181,300 shares during the period. Hillsdale Investment Management Inc. acquired a new stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. during the first quarter worth $3,002,000. Sagil Capital LLP boosted its position 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 acquiring an additional 79,701 shares during the period. Beddow Capital Management Inc. increased its position in Banco Latinoamericano de Comercio Exterior, S. A. by 1.9% during the third quarter. Beddow Capital Management Inc. now owns 391,161 shares of the bank’s stock worth $12,709,000 after acquiring an additional 7,423 shares during the period. Finally, Meeder Asset Management Inc. raised its stake in 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 purchasing an additional 424 shares in the last quarter. 19.47% of the stock is owned by 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.