Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Sets New 1-Year High – Here’s Why

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $37.45 and last traded at $37.31, with a volume of 35045 shares traded. The stock had previously closed at $36.60.

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

The firm has a market cap of $1.36 billion, a PE ratio of 6.80 and a beta of 1.16. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.77 and a quick ratio of 1.77. The business’s fifty day moving average is $34.97 and its 200-day moving average is $32.74.

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

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 8th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 5.38%. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio is currently 36.56%.

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

Hedge funds have recently bought and sold shares of the company. Rhumbline Advisers lifted its position 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 valued at $1,397,000 after purchasing an additional 411 shares during the last quarter. Meeder Asset Management Inc. lifted its position in Banco Latinoamericano de Comercio Exterior, S. A. by 77.8% during the second quarter. Meeder Asset Management Inc. now owns 969 shares of the bank’s stock valued at $29,000 after purchasing an additional 424 shares during the last quarter. Beddow Capital Management Inc. lifted 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 purchasing an additional 3,771 shares during the last quarter. Finally, Sagil Capital LLP lifted its position in Banco Latinoamericano de Comercio Exterior, S. A. by 72.8% during the second quarter. Sagil Capital LLP now owns 189,118 shares of the bank’s stock valued at $5,611,000 after purchasing an additional 79,701 shares during the last quarter. Hedge funds and other 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 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.