Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Reaches New 12-Month High - Still a Buy?

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report) reached a new 52-week high during trading on Friday . The stock traded as high as $36.74 and last traded at $36.69, with a volume of 77554 shares. The stock had previously closed at $35.56.

Banco Latinoamericano de Comercio Exterior, S. A. Stock Performance

The company has a debt-to-equity ratio of 2.73, a current ratio of 1.77 and a quick ratio of 1.77. The stock has a fifty day simple moving average of $34.48 and a two-hundred day simple moving average of $32.38. The firm has a market capitalization of $1.34 billion, a P/E ratio of 6.71 and a beta of 1.17.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th were paid a $0.50 dividend. The ex-dividend date was Friday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 5.45%. Banco Latinoamericano de Comercio Exterior, S. A.'s dividend payout ratio is currently 36.56%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sagil Capital LLP raised its holdings in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 72.8% during 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 period. Beddow Capital Management Inc. increased its position in Banco Latinoamericano de Comercio Exterior, S. A. by 1.0% in the 2nd quarter. Beddow Capital Management Inc. now owns 383,738 shares of the bank's stock valued at $11,386,000 after buying an additional 3,771 shares in the last quarter. LSV Asset Management raised its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 18.8% during the 2nd quarter. LSV Asset Management now owns 1,143,824 shares of the bank's stock worth $33,937,000 after buying an additional 181,300 shares during the period. Meeder Asset Management Inc. boosted its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 77.8% in the second quarter. Meeder Asset Management Inc. now owns 969 shares of the bank's stock worth $29,000 after acquiring an additional 424 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 0.9% in the second quarter. Rhumbline Advisers now owns 47,093 shares of the bank's stock valued at $1,397,000 after acquiring an additional 411 shares during the period. 19.47% of the stock is owned by institutional investors.

Banco Latinoamericano de Comercio Exterior, S. A. Company Profile

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.