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

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $61.20 and last traded at $61.4350, with a volume of 18932 shares changing hands. The stock had previously closed at $60.18.

Analysts Set New Price Targets

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

Banco Latinoamericano de Comercio Exterior Price Performance

The firm has a market capitalization of $2.30 billion, a PE ratio of 10.28 and a beta of 0.81. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.52 and a quick ratio of 1.52. The business’s 50 day moving average is $56.09 and its two-hundred day moving average is $50.66.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last released its quarterly earnings results on Tuesday, April 28th. The bank reported $1.31 EPS for the quarter. The business 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 business also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Friday, May 8th were given a $0.6875 dividend. The ex-dividend date was Friday, May 8th. This represents a $2.75 annualized dividend and a yield of 4.4%. Banco Latinoamericano de Comercio Exterior’s payout ratio is 45.68%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Diversified Trust Co raised its position in Banco Latinoamericano de Comercio Exterior by 63.0% in the 1st quarter. Diversified Trust Co now owns 7,316 shares of the bank’s stock worth $374,000 after purchasing an additional 2,827 shares during the period. 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. Diversified Trust Co. bought a new position in shares of Banco Latinoamericano de Comercio Exterior during the fourth quarter valued at about $200,000. Finally, LSV Asset Management increased its holdings in shares of 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 buying an additional 15,291 shares during the period. Institutional investors 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.