Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Reaches New 12-Month High - Should You Buy?

Key Points

• Banco Latinoamericano de Comercio Exterior (NYSE:BLX) shares reached a new 52-week high of $43.73, up from a previous close of $42.70, during trading on Monday with a volume of 25,421 shares.
• Wall Street analysts upgraded Banco Latinoamericano from a "sell" rating to a "hold" rating, reflecting a shift in outlook for the stock.
• The bank declared a quarterly dividend of $0.625 per share, resulting in an annualized yield of 5.6%, to be paid on September 3rd.

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The company traded as high as $43.67 and last traded at $43.73, with a volume of 25421 shares traded. The stock had previously closed at $42.70.

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 report on Thursday, May 15th.

Banco Latinoamericano de Comercio Exterior Trading Down 1.6%

The company's 50 day moving average price is $41.94 and its two-hundred day moving average price is $39.71. The firm has a market cap of $1.67 billion, a PE ratio of 7.51 and a beta of 0.88.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The bank reported $1.73 earnings per share for the quarter. The business had revenue of $90.04 million for the quarter. Banco Latinoamericano de Comercio Exterior had a net margin of 26.32% and a return on equity of 16.23%. Equities research analysts expect 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 will be paid on Wednesday, September 3rd. Shareholders of record on Friday, August 15th will be paid a $0.625 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.50 dividend on an annualized basis and a yield of 5.6%. Banco Latinoamericano de Comercio Exterior's payout ratio is presently 41.88%.

Institutional Trading of Banco Latinoamericano de Comercio Exterior

Large investors have recently added to or reduced their stakes in the company. Sterling Capital Management LLC grew its holdings 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 valued at $516,000 after purchasing an additional 779 shares during the last quarter. GAMMA Investing LLC grew its holdings 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 valued at $969,000 after purchasing an additional 25,830 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings 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 valued at $105,000 after purchasing an additional 769 shares during the last quarter. LSV Asset Management grew its holdings 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 valued at $43,388,000 after purchasing an additional 27,285 shares during the last quarter. Finally, Ramirez Asset Management Inc. grew its holdings in Banco Latinoamericano de Comercio Exterior by 20.3% during the 2nd quarter. Ramirez Asset Management Inc. now owns 35,718 shares of the bank's stock valued at $1,439,000 after purchasing an additional 6,020 shares during the last quarter. Institutional investors own 19.47% of the company's stock.

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.