Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Sets New 52-Week High After Dividend Announcement

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX)’s stock price hit a new 52-week high on Friday following a dividend announcement from the company. The stock traded as high as $31.62 and last traded at $30.16, with a volume of 46330 shares traded. The stock had previously closed at $29.56.

The newly announced dividend which will be paid on Wednesday, May 15th. Investors of record on Monday, April 29th will be issued a $0.50 dividend. This is an increase from Banco Latinoamericano de Comercio Exterior, S. A.’s previous quarterly dividend of $0.39. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.76%. The ex-dividend date is Friday, April 26th. Banco Latinoamericano de Comercio Exterior, S. A.’s payout ratio is 40.49%.

Wall Street Analyst Weigh In

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

Banco Latinoamericano de Comercio Exterior, S. A. Trading Up 0.1 %

The company has a debt-to-equity ratio of 3.62, a current ratio of 2.08 and a quick ratio of 1.00. The firm has a fifty day simple moving average of $27.98 and a two-hundred day simple moving average of $25.35. The firm has a market capitalization of $1.08 billion, a P/E ratio of 5.99 and a beta of 1.21.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last announced its quarterly earnings data 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 15.51% and a net margin of 23.34%. On average, equities research analysts anticipate that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 earnings per share for the current fiscal year.

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

Several hedge funds and other institutional investors have recently modified their holdings of BLX. Diversified Trust Co purchased a new position in Banco Latinoamericano de Comercio Exterior, S. A. in the 3rd quarter valued at approximately $488,000. Ramirez Asset Management Inc. purchased a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the third quarter valued at $630,000. Rhumbline Advisers raised its stake in shares of 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 valued at $734,000 after purchasing an additional 957 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Banco Latinoamericano de Comercio Exterior, S. A. during the 3rd quarter worth about $976,000. Finally, Thomas White International Ltd. boosted its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 0.3% in 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 during the period. Institutional investors own 19.47% of the company’s stock.

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.