Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Reaches New 1-Year High at $31.62

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $31.62 and last traded at $30.16, with a volume of 46330 shares trading hands. The stock had previously closed at $29.56.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded 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. Price 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 company has a market cap of $1.08 billion, a P/E ratio of 6.49 and a beta of 1.21. The firm has a 50 day moving average price of $27.87 and a two-hundred day moving average price of $25.29.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The bank reported $1.27 earnings per share for the quarter. The company had revenue of $77.79 million during the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a return on equity of 14.49% and a net margin of 23.34%. On average, analysts predict that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 EPS for the current fiscal year.

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

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Monday, March 4th were paid a dividend of $0.50 per share. This is an increase from Banco Latinoamericano de Comercio Exterior, S. A.'s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.00 annualized dividend and a dividend yield of 6.76%. Banco Latinoamericano de Comercio Exterior, S. A.'s dividend payout ratio is presently 43.86%.

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

A number of institutional investors have recently added to or reduced their stakes in the stock. Thomas White International Ltd. lifted its holdings 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. Los Angeles Capital Management LLC lifted its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 21.2% during the 4th quarter. Los Angeles Capital Management LLC now owns 55,805 shares of the bank's stock worth $1,381,000 after purchasing an additional 9,771 shares in the last quarter. Rhumbline Advisers lifted its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 4.7% during the 3rd quarter. Rhumbline Advisers now owns 46,498 shares of the bank's stock worth $986,000 after purchasing an additional 2,089 shares in the last quarter. Ramirez Asset Management Inc. purchased a new stake in Banco Latinoamericano de Comercio Exterior, S. A. during the 3rd quarter worth about $630,000. Finally, Diversified Trust Co purchased a new stake in Banco Latinoamericano de Comercio Exterior, S. A. during the 3rd quarter worth about $488,000. Hedge funds and other 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.