Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Reaches New 1-Year High After Better-Than-Expected Earnings

Shares of Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report) reached a new 52-week high during trading on Friday following a better than expected earnings announcement. The stock traded as high as $40.35 and last traded at $40.88, with a volume of 31777 shares trading hands. The stock had previously closed at $38.19.

The bank reported $1.40 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.33. The firm had revenue of $78.40 million for the quarter, compared to analyst estimates of $54.84 million. Banco Latinoamericano de Comercio Exterior, S. A. had a net margin of 24.29% and a return on equity of 16.01%.

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

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Monday, March 10th will be given a dividend of $0.625 per share. This is an increase from Banco Latinoamericano de Comercio Exterior, S. A.'s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.50 dividend on an annualized basis and a yield of 6.29%. Banco Latinoamericano de Comercio Exterior, S. A.'s dividend payout ratio (DPR) is presently 44.64%.

Hedge Funds Weigh In On Banco Latinoamericano de Comercio Exterior, S. A.

Hedge funds and other institutional investors have recently modified their holdings of the company. Beddow Capital Management Inc. lifted its position in Banco Latinoamericano de Comercio Exterior, S. A. by 1.9% in the 3rd quarter. Beddow Capital Management Inc. now owns 391,161 shares of the bank's stock worth $12,709,000 after buying an additional 7,423 shares during the last quarter. Longboard Asset Management LP purchased a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. during the fourth quarter worth approximately $202,000. Sterling Capital Management LLC lifted its holdings in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 5.7% in the 4th quarter. Sterling Capital Management LLC now owns 14,497 shares of the bank's stock worth $516,000 after acquiring an additional 779 shares during the last quarter. Motley Fool Wealth Management LLC bought a new stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the 4th quarter worth approximately $1,603,000. Finally, Hillsdale Investment Management Inc. boosted its stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 0.7% in the 4th quarter. Hillsdale Investment Management Inc. now owns 124,864 shares of the bank's stock valued at $4,441,000 after purchasing an additional 900 shares in the last quarter. 19.47% of the stock is currently owned by hedge funds and other institutional investors.

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

The company has a market cap of $1.45 billion, a P/E ratio of 7.27 and a beta of 1.16. The company's fifty day moving average is $37.65 and its 200 day moving average is $34.56. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 2.73.

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.