Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Hits New 52-Week High – What’s Next?

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) shares reached a new 52-week high on Tuesday . The company 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 Ratings Changes

Separately, Weiss Ratings cut 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 analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Banco Latinoamericano de Comercio Exterior Price Performance

The firm has a market capitalization of $2.13 billion, a P/E ratio of 9.53 and a beta of 0.81. The company has a fifty day moving average of $54.43 and a 200 day moving average of $49.50. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.52 and a quick ratio of 1.52.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last released its quarterly earnings results on Tuesday, April 28th. The bank reported $1.31 earnings per share (EPS) for the quarter. The firm had revenue of $83.10 million during 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Friday, May 8th were paid a dividend of $0.6875 per share. This represents a $2.75 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend was Friday, May 8th. Banco Latinoamericano de Comercio Exterior’s dividend payout ratio (DPR) is currently 45.68%.

Institutional Trading of Banco Latinoamericano de Comercio Exterior

A number of institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. grew its holdings in Banco Latinoamericano de Comercio Exterior by 7.5% during the 3rd quarter. SBI Securities Co. Ltd. now owns 3,746 shares of the bank’s stock worth $172,000 after acquiring an additional 261 shares during the period. Diversified Trust Co. acquired a new position in shares of Banco Latinoamericano de Comercio Exterior in the 4th quarter valued at about $200,000. Diversified Trust Co boosted its position in shares of Banco Latinoamericano de Comercio Exterior by 63.0% during the 1st quarter. Diversified Trust Co now owns 7,316 shares of the bank’s stock valued at $374,000 after purchasing an additional 2,827 shares in the last quarter. Ramirez Asset Management Inc. boosted its position in shares of Banco Latinoamericano de Comercio Exterior by 12.0% during the 3rd quarter. Ramirez Asset Management Inc. now owns 39,988 shares of the bank’s stock valued at $1,838,000 after purchasing an additional 4,270 shares in the last quarter. Finally, Hillsdale Investment Management Inc. grew its stake 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 purchasing an additional 5,600 shares during the period. Institutional investors own 19.47% of the company’s stock.

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.