Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Hits New 12-Month High – Still a Buy?

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $36.74 and last traded at $36.69, with a volume of 77554 shares traded. The stock had previously closed at $35.56.

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

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 stock has a market capitalization of $1.34 billion, a PE ratio of 6.71 and a beta of 1.17. The stock’s 50 day moving average is $34.40 and its two-hundred day moving average is $32.32.

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

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 8th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.45%. The ex-dividend date was Friday, November 8th. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio (DPR) is presently 36.56%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BLX. LSV Asset Management boosted its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 18.8% in the second 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 in the last quarter. Beddow Capital Management Inc. lifted its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 1.9% during the 3rd quarter. Beddow Capital Management Inc. now owns 391,161 shares of the bank’s stock worth $12,709,000 after buying an additional 7,423 shares during the last quarter. Sagil Capital LLP grew its position in shares of 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 buying an additional 79,701 shares during the last quarter. Rhumbline Advisers raised its stake 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 worth $1,397,000 after acquiring an additional 411 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its position in Banco Latinoamericano de Comercio Exterior, S. A. by 77.8% in the second quarter. Meeder Asset Management Inc. now owns 969 shares of the bank’s stock valued at $29,000 after acquiring an additional 424 shares during the last quarter. 19.47% of the stock is owned by institutional investors and hedge funds.

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.