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 on Wednesday . The stock traded as high as $34.46 and last traded at $34.34, with a volume of 20340 shares changing hands. The stock had previously closed at $32.70.

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

The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 6.25 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. The company has a fifty day simple moving average of $32.31 and a two-hundred day simple moving average of $30.95.

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

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.85%. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio (DPR) is currently 36.56%.

Hedge Funds Weigh In On Banco Latinoamericano de Comercio Exterior, S. A.

A number of institutional investors have recently modified their holdings of the business. Rhumbline Advisers raised its holdings in shares of 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 buying an additional 411 shares in the last quarter. Meeder Asset Management Inc. increased its holdings 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. Beddow Capital Management Inc. increased its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 1.0% in the 2nd quarter. Beddow Capital Management Inc. now owns 383,738 shares of the bank’s stock worth $11,386,000 after purchasing an additional 3,771 shares in the last quarter. LSV Asset Management increased its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 0.9% in the 1st quarter. LSV Asset Management now owns 962,524 shares of the bank’s stock worth $28,510,000 after purchasing an additional 9,038 shares in the last quarter. Finally, Sagil Capital LLP increased its holdings 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 worth $5,611,000 after purchasing an additional 79,701 shares in the last quarter. Institutional investors and hedge funds own 19.47% of the company’s stock.

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.