Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Hits New 12-Month High – What’s Next?

Shares of Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) hit a new 52-week high during trading on Tuesday . The stock traded as high as $34.74 and last traded at $34.71, with a volume of 6341 shares. The stock had previously closed at $34.41.

Banco Latinoamericano de Comercio Exterior, S. A. Stock Down 0.7 %

The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 6.24 and a beta of 1.17. The firm has a 50 day simple moving average of $32.36 and a two-hundred day simple moving average of $31.00. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.77 and a quick ratio of 1.62.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 5.85%. The ex-dividend date of this dividend is Friday, November 8th. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio (DPR) is presently 36.56%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Hillsdale Investment Management Inc. purchased a new stake in Banco Latinoamericano de Comercio Exterior, S. A. during the 1st quarter valued at $3,002,000. Rhumbline Advisers increased its position in 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 during the period. LSV Asset Management lifted its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 18.8% during the second quarter. LSV Asset Management now owns 1,143,824 shares of the bank’s stock valued at $33,937,000 after buying an additional 181,300 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in shares of 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 worth $29,000 after buying an additional 424 shares during the period. Finally, Sagil Capital LLP boosted its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 72.8% in 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.