Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Hits New 1-Year High After Strong Earnings

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX)’s share price hit a new 52-week high during trading on Friday following a better than expected earnings announcement. The stock traded as high as $40.35 and last traded at $40.88, with a volume of 31777 shares traded. The stock had previously closed at $38.19.

The bank reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.33. Banco Latinoamericano de Comercio Exterior, S. A. had a return on equity of 16.01% and a net margin of 24.29%. The business had revenue of $78.40 million for the quarter, compared to analyst estimates of $54.84 million.

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

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Monday, March 10th will be paid a $0.625 dividend. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from Banco Latinoamericano de Comercio Exterior, S. A.’s previous quarterly dividend of $0.50. This represents a $2.50 dividend on an annualized basis and a dividend yield of 5.91%. Banco Latinoamericano de Comercio Exterior, S. A.’s payout ratio is 36.56%.

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

A number of institutional investors have recently modified their holdings of the business. Beddow Capital Management Inc. boosted its stake 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 buying an additional 7,423 shares in the last quarter. Hillsdale Investment Management Inc. boosted its stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 0.7% in the fourth quarter. Hillsdale Investment Management Inc. now owns 124,864 shares of the bank’s stock valued at $4,441,000 after buying an additional 900 shares in the last quarter. Motley Fool Wealth Management LLC purchased a new stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the fourth quarter valued at approximately $1,603,000. Sterling Capital Management LLC boosted its stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 5.7% in the fourth quarter. Sterling Capital Management LLC now owns 14,497 shares of the bank’s stock valued at $516,000 after buying an additional 779 shares in the last quarter. Finally, Longboard Asset Management LP purchased a new stake in Banco Latinoamericano de Comercio Exterior, S. A. during the fourth quarter worth $202,000. 19.47% of the stock is currently owned by hedge funds and other institutional investors.

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

The stock has a 50-day simple moving average of $37.40 and a 200 day simple moving average of $34.31. 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 company has a market capitalization of $1.55 billion, a PE ratio of 7.73 and a beta of 1.16.

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.