Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Hits New 1-Year High – What’s Next?

by · The Markets Daily

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLXGet Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $61.08 and last traded at $60.83, with a volume of 175927 shares changing hands. The stock had previously closed at $60.46.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Banco Latinoamericano de Comercio Exterior from a “buy (a)” rating to a “buy (a-)” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Check Out Our Latest Research Report on Banco Latinoamericano de Comercio Exterior

Banco Latinoamericano de Comercio Exterior Price Performance

The stock has a 50 day moving average of $55.10 and a 200-day moving average of $49.91. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.52 and a current ratio of 1.52. The company has a market cap of $2.26 billion, a PE ratio of 10.09 and a beta of 0.81.

Banco Latinoamericano de Comercio Exterior (NYSE:BLXGet Free Report) last released its quarterly earnings data on Tuesday, April 28th. The bank reported $1.31 EPS for the quarter. The business had revenue of $83.10 million for the quarter. Banco Latinoamericano de Comercio Exterior had a net margin of 27.77% and a return on equity of 14.36%.

Banco Latinoamericano de Comercio Exterior Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Friday, May 8th were paid a $0.6875 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $2.75 dividend on an annualized basis and a yield of 4.5%. Banco Latinoamericano de Comercio Exterior’s dividend payout ratio (DPR) is currently 45.68%.

Institutional Trading of Banco Latinoamericano de Comercio Exterior

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Diversified Trust Co. acquired a new position in shares of Banco Latinoamericano de Comercio Exterior during the 4th quarter worth about $200,000. Diversified Trust Co raised its holdings in shares of Banco Latinoamericano de Comercio Exterior by 63.0% during the first quarter. Diversified Trust Co now owns 7,316 shares of the bank’s stock valued at $374,000 after acquiring an additional 2,827 shares during the last quarter. Ramirez Asset Management Inc. raised its holdings in shares of Banco Latinoamericano de Comercio Exterior by 12.0% during the third quarter. Ramirez Asset Management Inc. now owns 39,988 shares of the bank’s stock valued at $1,838,000 after acquiring an additional 4,270 shares during the last quarter. Hillsdale Investment Management Inc. lifted its position in shares of Banco Latinoamericano de Comercio Exterior by 4.8% in the third quarter. Hillsdale Investment Management Inc. now owns 122,864 shares of the bank’s stock valued at $5,648,000 after acquiring an additional 5,600 shares in the last quarter. Finally, LSV Asset Management boosted its stake in shares of Banco Latinoamericano de Comercio Exterior by 1.3% in the fourth quarter. LSV Asset Management now owns 1,163,826 shares of the bank’s stock worth $51,907,000 after acquiring an additional 15,291 shares during the last quarter. Hedge funds and other institutional investors own 19.47% of the company’s stock.

Banco Latinoamericano de Comercio Exterior Company Profile

(Get Free Report)

Banco Latinoamericano de Comercio Exterior SA, commonly known as BLADEx and traded on the New York Stock Exchange under the symbol BLX, is a multilateral financial institution dedicated to promoting foreign trade and regional integration in Latin America and the Caribbean. Headquartered in Panama City, the bank provides specialized trade finance solutions to corporate clients and financial institutions, helping to facilitate cross-border transactions across key markets in the region. Its services encompass import and export financing, supply chain solutions, project and structured finance, as well as treasury and risk management products.

Established in 1977 by a consortium of 20 Latin American and Caribbean governments in partnership with the Inter-American Development Bank (IDB), BLADEx has a mandate to support economic development through trade facilitation.

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