Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Sets New 12-Month High at $31.62

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

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of 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. Stock Performance

The firm has a market cap of $1.11 billion, a P/E ratio of 6.48 and a beta of 1.21. The company has a current ratio of 2.08, a quick ratio of 1.00 and a debt-to-equity ratio of 3.62. The company’s 50-day moving average is $27.75 and its two-hundred day moving average is $25.26.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last announced its quarterly earnings results on Thursday, February 22nd. The bank reported $1.27 earnings per share for the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a net margin of 23.34% and a return on equity of 14.49%. The business had revenue of $77.79 million for the quarter. As a group, equities analysts predict that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 EPS for the current fiscal year.

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

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Monday, March 4th were paid a $0.50 dividend. This is a positive change from Banco Latinoamericano de Comercio Exterior, S. A.’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.00 annualized dividend and a yield of 6.56%. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio (DPR) is 43.86%.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC increased its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 21.2% in the 4th quarter. Los Angeles Capital Management LLC now owns 55,805 shares of the bank’s stock valued at $1,381,000 after buying an additional 9,771 shares during the last quarter. Diversified Trust Co purchased a new stake in Banco Latinoamericano de Comercio Exterior, S. A. in the 3rd quarter valued at about $488,000. Ramirez Asset Management Inc. purchased a new stake in Banco Latinoamericano de Comercio Exterior, S. A. in the 3rd quarter valued at about $630,000. Rhumbline Advisers increased its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 4.7% in the 3rd quarter. Rhumbline Advisers now owns 46,498 shares of the bank’s stock valued at $986,000 after buying an additional 2,089 shares during the last quarter. Finally, Thomas White International Ltd. increased its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 0.3% in the 1st quarter. Thomas White International Ltd. now owns 353,718 shares of the bank’s stock valued at $5,510,000 after buying an additional 1,021 shares during the last quarter. Hedge funds and other institutional investors 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 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.