Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Sets New 12-Month High – Here’s Why

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $57.49 and last traded at $57.1580, with a volume of 152476 shares traded. The stock had previously closed at $56.55.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Banco Latinoamericano de Comercio Exterior from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Banco Latinoamericano de Comercio Exterior currently has a consensus rating of “Strong Buy”.

Banco Latinoamericano de Comercio Exterior Price Performance

The company has a debt-to-equity ratio of 2.40, a current ratio of 1.62 and a quick ratio of 1.02. The firm has a market capitalization of $2.09 billion, a PE ratio of 9.20 and a beta of 0.82. The company has a 50-day moving average price of $50.97 and a 200-day moving average price of $47.16.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last posted its quarterly earnings data on Thursday, February 12th. The bank reported $1.50 EPS for the quarter. The firm had revenue of $88.80 million during the quarter. Banco Latinoamericano de Comercio Exterior had a return on equity of 14.85% and a net margin of 27.11%.

Banco Latinoamericano de Comercio Exterior Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Wednesday, February 25th were given a $0.6875 dividend. This is a boost from Banco Latinoamericano de Comercio Exterior’s previous quarterly dividend of $0.63. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend was Wednesday, February 25th. Banco Latinoamericano de Comercio Exterior’s dividend payout ratio (DPR) is presently 45.01%.

Institutional Trading of Banco Latinoamericano de Comercio Exterior

A number of hedge funds have recently bought and sold shares of BLX. LSV Asset Management boosted its position in Banco Latinoamericano de Comercio Exterior by 1.3% during the fourth quarter. LSV Asset Management now owns 1,163,826 shares of the bank’s stock worth $51,907,000 after acquiring an additional 15,291 shares during the last quarter. Hillsdale Investment Management Inc. boosted its position 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 acquiring an additional 5,600 shares during the last quarter. Diversified Trust Co. acquired a new stake in Banco Latinoamericano de Comercio Exterior during the fourth quarter worth approximately $200,000. Ramirez Asset Management Inc. boosted its position in 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 worth $1,838,000 after acquiring an additional 4,270 shares during the last quarter. Finally, Diversified Trust Co boosted its position in Banco Latinoamericano de Comercio Exterior by 63.0% during the first quarter. Diversified Trust Co now owns 7,316 shares of the bank’s stock worth $374,000 after acquiring an additional 2,827 shares during the last quarter. Institutional investors and hedge funds own 19.47% of the company’s stock.

Banco Latinoamericano de Comercio Exterior Company Profile

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.