Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Sees Large Volume Increase – What’s Next?

Shares of Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) saw strong trading volume on Wednesday . 120,116 shares traded hands during mid-day trading, a decline of 4% from the previous session’s volume of 124,545 shares.The stock last traded at $35.80 and had previously closed at $35.72.

Banco Latinoamericano de Comercio Exterior, S. A. Stock Up 2.1 %

The firm’s 50 day simple moving average is $33.87 and its 200 day simple moving average is $31.83. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 2.73. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 6.67 and a beta of 1.17.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 8th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.48%. The ex-dividend date of this dividend was Friday, November 8th. Banco Latinoamericano de Comercio Exterior, S. A.’s payout ratio is currently 36.56%.

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

Institutional investors have recently added to or reduced their stakes in the company. Sagil Capital LLP raised its stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 72.8% in the 2nd quarter. Sagil Capital LLP now owns 189,118 shares of the bank’s stock worth $5,611,000 after buying an additional 79,701 shares in the last quarter. Beddow Capital Management Inc. grew its holdings 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 worth $11,386,000 after acquiring an additional 3,771 shares during the period. LSV Asset Management raised its position in Banco Latinoamericano de Comercio Exterior, S. A. by 18.8% in the second quarter. LSV Asset Management now owns 1,143,824 shares of the bank’s stock worth $33,937,000 after acquiring an additional 181,300 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 77.8% in the 2nd quarter. Meeder Asset Management Inc. now owns 969 shares of the bank’s stock valued at $29,000 after acquiring an additional 424 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 0.9% during the 2nd quarter. Rhumbline Advisers now owns 47,093 shares of the bank’s stock valued at $1,397,000 after purchasing an additional 411 shares in the last quarter. 19.47% of the stock is currently owned by institutional investors and hedge funds.

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 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.