Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Hits New 1-Year High – Should You Buy?

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $58.14 and last traded at $57.60, with a volume of 40349 shares changing hands. The stock had previously closed at $56.04.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded 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 investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Banco Latinoamericano de Comercio Exterior has an average rating of “Strong Buy”.

Banco Latinoamericano de Comercio Exterior Stock Up 2.2%

The firm has a market cap of $2.13 billion, a P/E ratio of 9.53 and a beta of 0.81. The stock’s 50 day simple moving average is $54.43 and its 200 day simple moving average is $49.50. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.52 and a current ratio of 1.52.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last released its quarterly earnings data on Tuesday, April 28th. The bank reported $1.31 earnings per share for the quarter. The firm had revenue of $83.10 million for 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Friday, May 8th were given a $0.6875 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $2.75 annualized dividend and a yield of 4.8%. Banco Latinoamericano de Comercio Exterior’s dividend payout ratio (DPR) is presently 45.68%.

Institutional Trading of Banco Latinoamericano de Comercio Exterior

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Diversified Trust Co raised its stake in shares of Banco Latinoamericano de Comercio Exterior by 63.0% in the first quarter. Diversified Trust Co now owns 7,316 shares of the bank’s stock worth $374,000 after purchasing an additional 2,827 shares during the last quarter. LSV Asset Management boosted its position in shares of Banco Latinoamericano de Comercio Exterior by 1.3% during the fourth quarter. LSV Asset Management now owns 1,163,826 shares of the bank’s stock valued at $51,907,000 after buying an additional 15,291 shares during the last quarter. Diversified Trust Co. purchased a new position in shares of Banco Latinoamericano de Comercio Exterior during the fourth quarter valued at approximately $200,000. Ramirez Asset Management Inc. grew its holdings in Banco Latinoamericano de Comercio Exterior by 12.0% during the third quarter. Ramirez Asset Management Inc. now owns 39,988 shares of the bank’s stock worth $1,838,000 after buying an additional 4,270 shares in the last quarter. Finally, Hillsdale Investment Management Inc. grew its holdings in Banco Latinoamericano de Comercio Exterior by 4.8% during the third quarter. Hillsdale Investment Management Inc. now owns 122,864 shares of the bank’s stock worth $5,648,000 after buying an additional 5,600 shares in the last quarter. 19.47% of the stock is owned by institutional investors.

About Banco Latinoamericano de Comercio Exterior

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.