Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Sees Strong Trading Volume - Should You Buy?

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report) shares saw strong trading volume on Wednesday . 120,116 shares traded hands during trading, a decline of 4% from the previous session's volume of 124,545 shares.The stock last traded at $35.80 and had previously closed at $35.72.

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

The stock has a market cap of $1.26 billion, a PE ratio of 6.28 and a beta of 1.17. The stock has a fifty day simple moving average of $33.87 and a two-hundred day simple moving average of $31.83. The company has a debt-to-equity ratio of 2.73, a quick ratio of 1.77 and a current ratio of 1.77.

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

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 8th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.82%. The ex-dividend date of this dividend was Friday, November 8th. Banco Latinoamericano de Comercio Exterior, S. A.'s dividend payout ratio (DPR) is 36.56%.

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

Large investors have recently modified their holdings of the business. LSV Asset Management increased its stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 18.8% in the second 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 last quarter. Sagil Capital LLP lifted its position 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 worth $5,611,000 after purchasing an additional 79,701 shares during the last quarter. Beddow Capital Management Inc. grew its stake in 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 purchasing an additional 7,423 shares in the last quarter. Meeder Asset Management Inc. increased 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 valued at $29,000 after buying an additional 424 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 0.9% during the second quarter. Rhumbline Advisers now owns 47,093 shares of the bank's stock valued at $1,397,000 after buying an additional 411 shares in the last quarter. 19.47% of the stock is currently 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.