Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Hits New 1-Year High - Here's What Happened

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of 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 Stock Performance

The company has a market cap of $1.55 billion, a PE ratio of 7.57 and a beta of 0.86. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.62 and a current ratio of 1.62. The firm's 50 day moving average is $41.25 and its 200-day moving average is $39.04.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX - Get Free Report) last posted its earnings results on Monday, May 5th. The bank reported $1.40 earnings per share for the quarter. Banco Latinoamericano de Comercio Exterior had a net margin of 24.91% and a return on equity of 15.63%. The company had revenue of $77.95 million for the quarter. On average, research analysts anticipate that Banco Latinoamericano de Comercio Exterior, S.A. will post 4.6 earnings per share for the current fiscal year.

Banco Latinoamericano de Comercio Exterior Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Friday, May 16th were issued a $0.625 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 5.90%. Banco Latinoamericano de Comercio Exterior's payout ratio is 44.64%.

Institutional Investors Weigh In On Banco Latinoamericano de Comercio Exterior

A number of hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC grew its position in Banco Latinoamericano de Comercio Exterior by 4,087.0% during the 1st quarter. GAMMA Investing LLC now owns 26,462 shares of the bank's stock worth $969,000 after purchasing an additional 25,830 shares during the last quarter. Motley Fool Wealth Management LLC purchased a new position in Banco Latinoamericano de Comercio Exterior during the 4th quarter worth $1,603,000. SBI Securities Co. Ltd. grew its position in Banco Latinoamericano de Comercio Exterior by 36.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 2,859 shares of the bank's stock worth $105,000 after purchasing an additional 769 shares during the last quarter. Sterling Capital Management LLC grew its position in Banco Latinoamericano de Comercio Exterior by 5.7% during the 4th quarter. Sterling Capital Management LLC now owns 14,497 shares of the bank's stock worth $516,000 after purchasing an additional 779 shares during the last quarter. Finally, LSV Asset Management grew its position in Banco Latinoamericano de Comercio Exterior by 2.4% during the 1st quarter. LSV Asset Management now owns 1,185,460 shares of the bank's stock worth $43,388,000 after purchasing an additional 27,285 shares during the last quarter. 19.47% of the stock is currently owned by institutional investors and hedge funds.

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.