Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Hits New 52-Week High – Should You Buy?

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) hit a new 52-week high during trading on Wednesday . The stock traded as high as $34.46 and last traded at $34.34, with a volume of 20340 shares. The stock had previously closed at $32.70.

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

The company has a current ratio of 1.77, a quick ratio of 1.62 and a debt-to-equity ratio of 2.73. The company has a 50 day moving average price of $32.31 and a 200 day moving average price of $30.95. The company has a market capitalization of $1.25 billion, a P/E ratio of 6.25 and a beta of 1.17.

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

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend 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 currently 36.56%.

Institutional Trading of Banco Latinoamericano de Comercio Exterior, S. A.

Several institutional investors have recently added to or reduced their stakes in the company. Beddow Capital Management Inc. boosted its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 1.9% in the 3rd 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 period. Sagil Capital LLP boosted its stake 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. Meeder Asset Management Inc. boosted 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 valued at $29,000 after purchasing an additional 424 shares during the period. LSV Asset Management boosted its stake in 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. Finally, Rhumbline Advisers boosted its stake 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 purchasing an additional 411 shares during the period. 19.47% of the stock is currently 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.