Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Hits New 1-Year High at $30.10

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as $30.10 and last traded at $30.10, with a volume of 30131 shares trading hands. The stock had previously closed at $29.62.

Analysts Set New Price Targets

Separately, StockNews.com lowered Banco Latinoamericano de Comercio Exterior, S. A. from a "buy" rating to a "hold" rating in a research note on Tuesday, February 27th.

Banco Latinoamericano de Comercio Exterior, S. A. Trading Up 0.8 %

The company has a debt-to-equity ratio of 3.62, a quick ratio of 1.00 and a current ratio of 2.08. The stock has a fifty day moving average of $26.47 and a 200 day moving average of $24.66. The company has a market capitalization of $1.08 billion, a PE ratio of 6.55 and a beta of 1.21.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The bank reported $1.27 EPS for the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a return on equity of 14.49% and a net margin of 23.34%. The company had revenue of $77.79 million for the quarter. As a group, sell-side analysts predict 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, S. A. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Monday, March 4th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, March 1st. This is a positive change from Banco Latinoamericano de Comercio Exterior, S. A.'s previous quarterly dividend of $0.25. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.70%. Banco Latinoamericano de Comercio Exterior, S. A.'s dividend payout ratio is currently 43.86%.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Diversified Trust Co purchased a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the third quarter valued at approximately $488,000. Ramirez Asset Management Inc. acquired a new stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the third quarter valued at $630,000. Rhumbline Advisers grew its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 2.3% during the 1st quarter. Rhumbline Advisers now owns 42,209 shares of the bank's stock worth $734,000 after purchasing an additional 957 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Banco Latinoamericano de Comercio Exterior, S. A. during the 3rd quarter worth $976,000. Finally, Thomas White International Ltd. grew its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 0.3% during the 1st quarter. Thomas White International Ltd. now owns 353,718 shares of the bank's stock worth $5,510,000 after purchasing an additional 1,021 shares in the last quarter. 19.47% of the stock is 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 through two segments, Commercial and Treasury. It also 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.