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

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) shares reached a new 52-week high during mid-day trading on Tuesday after the company announced a dividend. The stock traded as high as $33.77 and last traded at $33.67, with a volume of 129254 shares trading hands. The stock had previously closed at $33.31.

The newly announced dividend which will be paid on Tuesday, August 20th. Shareholders of record on Monday, August 5th will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, August 5th. This represents a $2.00 dividend on an annualized basis and a yield of 6.09%. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio (DPR) is presently 40.49%.

Analyst Ratings Changes

Separately, Scotiabank boosted their price target on shares of Banco Latinoamericano de Comercio Exterior, S. A. from $38.00 to $42.00 and gave the company a “sector outperform” rating in a research report on Wednesday, June 12th.

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

The company has a debt-to-equity ratio of 3.18, a current ratio of 1.72 and a quick ratio of 1.72. The firm has a market capitalization of $1.20 billion, a P/E ratio of 6.65 and a beta of 1.20. The stock’s 50 day moving average is $30.39 and its two-hundred day moving average is $28.49.

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

Institutional investors and hedge funds have recently modified their holdings of the business. Los Angeles Capital Management LLC raised its stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 21.2% during the fourth quarter. Los Angeles Capital Management LLC now owns 55,805 shares of the bank’s stock worth $1,381,000 after buying an additional 9,771 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in Banco Latinoamericano de Comercio Exterior, S. A. in the first quarter valued at approximately $3,002,000. Finally, LSV Asset Management increased its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 0.9% in the first quarter. LSV Asset Management now owns 962,524 shares of the bank’s stock valued at $28,510,000 after purchasing an additional 9,038 shares in the last quarter. 19.47% of the stock is owned by institutional investors.

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.