Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Hits New 1-Year High Following Dividend Announcement

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) hit a new 52-week high during trading on Friday after the company announced a dividend. The company traded as high as $31.62 and last traded at $30.16, with a volume of 46330 shares changing hands. The stock had previously closed at $29.56.

The newly announced dividend which will be paid on Wednesday, May 15th. Investors of record on Monday, April 29th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, April 26th. This represents a $2.00 annualized dividend and a dividend yield of 6.76%. This is an increase from Banco Latinoamericano de Comercio Exterior, S. A.’s previous quarterly dividend of $0.39. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio (DPR) is 40.49%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Banco Latinoamericano de Comercio Exterior, S. A. from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th.

Banco Latinoamericano de Comercio Exterior, S. A. Trading Up 0.1 %

The company has a debt-to-equity ratio of 3.62, a quick ratio of 1.00 and a current ratio of 2.08. The firm has a market cap of $1.08 billion, a PE ratio of 5.99 and a beta of 1.21. The stock has a 50-day simple moving average of $27.98 and a two-hundred day simple moving average of $25.35.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last announced its quarterly earnings results on Thursday, February 22nd. The bank reported $1.27 EPS for the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a net margin of 23.34% and a return on equity of 15.51%. The firm had revenue of $77.79 million during the quarter. As a group, sell-side analysts anticipate that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 EPS for the current year.

Institutional Investors Weigh In On Banco Latinoamericano de Comercio Exterior, S. A.

A number of large investors have recently added to or reduced their stakes in BLX. Los Angeles Capital Management LLC bought a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. during the 3rd quarter valued at $976,000. Ramirez Asset Management Inc. purchased a new stake in Banco Latinoamericano de Comercio Exterior, S. A. during the third quarter valued at $630,000. Diversified Trust Co purchased a new stake in Banco Latinoamericano de Comercio Exterior, S. A. during the third quarter valued at $488,000. Rhumbline Advisers lifted its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 5.2% in the second quarter. Rhumbline Advisers now owns 44,409 shares of the bank’s stock valued at $980,000 after acquiring an additional 2,200 shares during the period. Finally, Thomas White International Ltd. boosted its position in Banco Latinoamericano de Comercio Exterior, S. A. by 0.3% in the first quarter. Thomas White International Ltd. now owns 353,718 shares of the bank’s stock worth $5,510,000 after purchasing an additional 1,021 shares during the last quarter. Institutional investors own 19.47% of the company’s stock.

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 through two segments, Commercial and Treasury. It also 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.