Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Reaches New 52-Week High - Here's Why

Shares of Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as $42.93 and last traded at $42.86, with a volume of 79128 shares. The stock had previously closed at $42.22.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Banco Latinoamericano de Comercio Exterior from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th.

Banco Latinoamericano de Comercio Exterior Trading Up 1.5%

The stock has a market capitalization of $1.57 billion, a PE ratio of 7.65 and a beta of 0.86. The firm has a 50 day moving average price of $41.21 and a 200 day moving average price of $38.94. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 2.92.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The bank reported $1.40 EPS for the quarter. The firm had revenue of $77.95 million during the quarter. Banco Latinoamericano de Comercio Exterior had a return on equity of 15.63% and a net margin of 24.91%. Equities analysts expect that Banco Latinoamericano de Comercio Exterior, S.A. will post 4.6 EPS for the current fiscal year.

Banco Latinoamericano de Comercio Exterior Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Friday, May 16th were paid a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 5.83%. The ex-dividend date of this dividend was Friday, May 16th. Banco Latinoamericano de Comercio Exterior's dividend payout ratio (DPR) is presently 44.64%.

Institutional Trading of Banco Latinoamericano de Comercio Exterior

A number of institutional investors and hedge funds have recently modified their holdings of the business. LSV Asset Management increased its position in shares of Banco Latinoamericano de Comercio Exterior by 2.4% during the first quarter. LSV Asset Management now owns 1,185,460 shares of the bank's stock valued at $43,388,000 after acquiring an additional 27,285 shares during the last quarter. Hillsdale Investment Management Inc. increased its position in shares of Banco Latinoamericano de Comercio Exterior by 0.7% during the fourth quarter. Hillsdale Investment Management Inc. now owns 124,864 shares of the bank's stock valued at $4,441,000 after acquiring an additional 900 shares during the last quarter. Motley Fool Wealth Management LLC purchased a new stake in Banco Latinoamericano de Comercio Exterior in the fourth quarter worth $1,603,000. GAMMA Investing LLC increased its position in Banco Latinoamericano de Comercio Exterior by 4,087.0% in the first quarter. GAMMA Investing LLC now owns 26,462 shares of the bank's stock worth $969,000 after buying an additional 25,830 shares during the last quarter. Finally, Sterling Capital Management LLC increased its position in Banco Latinoamericano de Comercio Exterior by 5.7% in the fourth quarter. Sterling Capital Management LLC now owns 14,497 shares of the bank's stock worth $516,000 after buying an additional 779 shares during the last quarter. 19.47% of the stock is owned by hedge funds and other institutional investors.

About Banco Latinoamericano de Comercio Exterior

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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