Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Hits New 12-Month High – Still a Buy?

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) reached a new 52-week high on Wednesday . The stock traded as high as $63.20 and last traded at $61.7370, with a volume of 118656 shares trading hands. The stock had previously closed at $61.47.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Banco Latinoamericano de Comercio Exterior from a “buy (a)” rating to a “buy (a-)” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

Banco Latinoamericano de Comercio Exterior Price Performance

The firm has a market capitalization of $2.28 billion, a P/E ratio of 10.20 and a beta of 0.81. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 2.40. The firm has a 50 day moving average price of $56.72 and a 200-day moving average price of $51.26.

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 for the quarter. The company had revenue of $83.10 million for the quarter. Banco Latinoamericano de Comercio Exterior had a return on equity of 14.36% and a net margin of 27.77%.

Banco Latinoamericano de Comercio Exterior Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Friday, May 8th were paid a $0.6875 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $2.75 annualized dividend and a dividend yield of 4.5%. Banco Latinoamericano de Comercio Exterior’s dividend payout ratio is currently 45.68%.

Institutional Investors Weigh In On Banco Latinoamericano de Comercio Exterior

Several institutional investors have recently made changes to their positions in the company. Diversified Trust Co grew its holdings in 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 during the last quarter. LSV Asset Management lifted its stake in Banco Latinoamericano de Comercio Exterior by 1.3% in the fourth quarter. LSV Asset Management now owns 1,163,826 shares of the bank’s stock worth $51,907,000 after purchasing 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. Finally, Ramirez Asset Management Inc. grew its stake in shares of 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 valued at $1,838,000 after buying an additional 4,270 shares during the last quarter. 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.