Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Sets New 1-Year High – Here’s What Happened

Shares of Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) hit a new 52-week high on Monday . The stock traded as high as $61.20 and last traded at $61.4350, with a volume of 18932 shares trading hands. The stock had previously closed at $60.18.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Banco Latinoamericano de Comercio Exterior from a “buy (a)” rating to a “buy (a-)” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Banco Latinoamericano de Comercio Exterior Trading Up 1.2%

The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 2.40. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 10.12 and a beta of 0.81. The company has a fifty day simple moving average of $55.80 and a 200-day simple moving average of $50.43.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last announced its earnings results on Tuesday, April 28th. The bank reported $1.31 EPS for the quarter. The company had revenue of $83.10 million during the quarter. Banco Latinoamericano de Comercio Exterior had a net margin of 27.77% and a return on equity of 14.36%.

Banco Latinoamericano de Comercio Exterior Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Friday, May 8th were paid a $0.6875 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $2.75 dividend on an annualized basis and a yield of 4.5%. Banco Latinoamericano de Comercio Exterior’s dividend payout ratio (DPR) is currently 45.68%.

Institutional Trading of Banco Latinoamericano de Comercio Exterior

Hedge funds have recently modified their holdings of the business. Diversified Trust Co. purchased a new position in shares of Banco Latinoamericano de Comercio Exterior during the fourth quarter valued at $200,000. Diversified Trust Co raised its position in Banco Latinoamericano de Comercio Exterior by 63.0% during the first quarter. Diversified Trust Co now owns 7,316 shares of the bank’s stock valued at $374,000 after buying an additional 2,827 shares during the period. Ramirez Asset Management Inc. lifted its stake in Banco Latinoamericano de Comercio Exterior by 12.0% in the 3rd quarter. Ramirez Asset Management Inc. now owns 39,988 shares of the bank’s stock worth $1,838,000 after acquiring an additional 4,270 shares in the last quarter. Hillsdale Investment Management Inc. lifted its stake in Banco Latinoamericano de Comercio Exterior by 4.8% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 122,864 shares of the bank’s stock worth $5,648,000 after acquiring an additional 5,600 shares in the last quarter. Finally, LSV Asset Management boosted its position in Banco Latinoamericano de Comercio Exterior by 1.3% during the 4th quarter. LSV Asset Management now owns 1,163,826 shares of the bank’s stock worth $51,907,000 after acquiring an additional 15,291 shares during the period. Hedge funds and other institutional investors own 19.47% of the company’s stock.

Banco Latinoamericano de Comercio Exterior Company Profile

Banco Latinoamericano de Comercio Exterior SA, commonly known as BLADEx and traded on the New York Stock Exchange under the symbol BLX, is a multilateral financial institution dedicated to promoting foreign trade and regional integration in Latin America and the Caribbean. Headquartered in Panama City, the bank provides specialized trade finance solutions to corporate clients and financial institutions, helping to facilitate cross-border transactions across key markets in the region. Its services encompass import and export financing, supply chain solutions, project and structured finance, as well as treasury and risk management products.

Established in 1977 by a consortium of 20 Latin American and Caribbean governments in partnership with the Inter-American Development Bank (IDB), BLADEx has a mandate to support economic development through trade facilitation.