Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Hits New 12-Month High at $30.49

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $30.49 and last traded at $30.41, with a volume of 3995 shares. The stock had previously closed at $30.19.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Banco Latinoamericano de Comercio Exterior, S. A. from a "buy" rating to a "hold" rating in a report on Tuesday, February 27th.

Banco Latinoamericano de Comercio Exterior, S. A. Stock Performance

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 firm's 50-day moving average price is $26.98 and its two-hundred day moving average price is $24.91. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 6.63 and a beta of 1.21.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $77.79 million for the quarter. Sell-side analysts predict that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 earnings per share for the current year.

Banco Latinoamericano de Comercio Exterior, S. A. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Monday, March 4th were given a dividend of $0.50 per share. 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 yield of 6.62%. Banco Latinoamericano de Comercio Exterior, S. A.'s dividend payout ratio is 43.86%.

Hedge Funds Weigh In On Banco Latinoamericano de Comercio Exterior, S. A.

Institutional investors have recently bought and sold shares of the business. Diversified Trust Co bought a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the 3rd quarter valued at about $488,000. Ramirez Asset Management Inc. acquired a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. during the third quarter worth about $630,000. Rhumbline Advisers grew its holdings in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 2.3% during the first quarter. Rhumbline Advisers now owns 42,209 shares of the bank's stock worth $734,000 after buying an additional 957 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in Banco Latinoamericano de Comercio Exterior, S. A. in the 3rd quarter valued at approximately $976,000. Finally, Thomas White International Ltd. lifted its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 0.3% in the first 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. Institutional investors own 19.47% of the company's stock.

Banco Latinoamericano de Comercio Exterior, S. A. Company Profile

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.