Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Reaches New 52-Week High - Still a Buy?

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report)'s share price reached a new 52-week high on Tuesday . The stock traded as high as $36.10 and last traded at $36.00, with a volume of 112554 shares changing hands. The stock had previously closed at $35.31.

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

The stock has a 50 day moving average of $33.82 and a 200 day moving average of $31.79. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 2.73. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 6.51 and a beta of 1.17.

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

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 8th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.60%. Banco Latinoamericano de Comercio Exterior, S. A.'s payout ratio is presently 36.56%.

Institutional Trading of Banco Latinoamericano de Comercio Exterior, S. A.

Hedge funds have recently made changes to their positions in the company. LSV Asset Management grew its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 18.8% in the 2nd 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. Beddow Capital Management Inc. lifted its stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 1.9% in the third quarter. Beddow Capital Management Inc. now owns 391,161 shares of the bank's stock worth $12,709,000 after acquiring an additional 7,423 shares during the period. 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 acquiring an additional 79,701 shares during the last quarter. Rhumbline Advisers grew its holdings 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 worth $1,397,000 after acquiring an additional 411 shares during the period. Finally, Meeder Asset Management Inc. boosted its stake in 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 acquiring an additional 424 shares in the last quarter. 19.47% of the stock is owned by institutional investors and hedge funds.

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.

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