Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $37.45 and last traded at $37.31, with a volume of 35045 shares. The stock had previously closed at $36.60.
Banco Latinoamericano de Comercio Exterior, S. A. Stock Up 1.4 %
The business has a fifty day moving average price of $35.06 and a two-hundred day moving average price of $32.80. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 2.73. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 6.78 and a beta of 1.16.
Banco Latinoamericano de Comercio Exterior, S. A. Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 8th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a yield of 5.39%. Banco Latinoamericano de Comercio Exterior, S. A.'s dividend payout ratio is currently 36.56%.
Hedge Funds Weigh In On Banco Latinoamericano de Comercio Exterior, S. A.
Hedge funds have recently bought and sold shares of the business. Meeder Asset Management Inc. raised its position in shares of 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 purchasing an additional 424 shares during the period. Rhumbline Advisers raised its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 0.9% in 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. Sagil Capital LLP raised its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 72.8% in the 2nd quarter. Sagil Capital LLP now owns 189,118 shares of the bank's stock worth $5,611,000 after acquiring an additional 79,701 shares during the period. Finally, Beddow Capital Management Inc. lifted its position in Banco Latinoamericano de Comercio Exterior, S. A. by 1.0% during the 2nd quarter. Beddow Capital Management Inc. now owns 383,738 shares of the bank's stock worth $11,386,000 after acquiring an additional 3,771 shares during the last quarter. 19.47% of the stock is owned by institutional investors and hedge funds.
About Banco Latinoamericano de Comercio Exterior, S. A.
(
Get Free Report)
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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