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

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

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

The business has a fifty day moving average price of $34.48 and a 200 day moving average price of $32.38. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 6.71 and a beta of 1.17. The company has a debt-to-equity ratio of 2.73, a quick ratio of 1.77 and a current ratio of 1.77.

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

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.45%. The ex-dividend date was Friday, November 8th. Banco Latinoamericano de Comercio Exterior, S. A.’s payout ratio is 36.56%.

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

A number of hedge funds have recently modified their holdings of BLX. Meeder Asset Management Inc. raised its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 77.8% during 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 during the last quarter. Rhumbline Advisers raised its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 0.9% during the second quarter. Rhumbline Advisers now owns 47,093 shares of the bank’s stock worth $1,397,000 after buying an additional 411 shares during the last quarter. Sagil Capital LLP lifted its holdings in 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 buying an additional 79,701 shares during the period. Beddow Capital Management Inc. boosted its position in Banco Latinoamericano de Comercio Exterior, S. A. by 1.0% during the second quarter. Beddow Capital Management Inc. now owns 383,738 shares of the bank’s stock valued at $11,386,000 after acquiring an additional 3,771 shares during the last quarter. Finally, LSV Asset Management grew its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 18.8% during the 2nd quarter. LSV Asset Management now owns 1,143,824 shares of the bank’s stock worth $33,937,000 after acquiring an additional 181,300 shares during the period. 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.