Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Reaches New 12-Month High – Should You Buy?

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $39.30 and last traded at $39.11, with a volume of 734 shares changing hands. The stock had previously closed at $38.80.

Banco Latinoamericano de Comercio Exterior, S. A. Stock Up 1.4 %

The stock has a market cap of $1.44 billion, a P/E ratio of 7.19 and a beta of 1.16. The firm has a 50 day simple moving average of $35.42 and a two-hundred day simple moving average of $33.03. The company has a debt-to-equity ratio of 2.73, a quick ratio of 1.77 and a current ratio of 1.77.

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 8th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a yield of 5.09%. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio (DPR) is 36.56%.

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

A hedge fund recently raised its stake in Banco Latinoamericano de Comercio Exterior, S. A. stock. Beddow Capital Management Inc. increased its holdings in shares of Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) by 1.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 391,161 shares of the bank’s stock after buying an additional 7,423 shares during the quarter. Banco Latinoamericano de Comercio Exterior, S. A. accounts for approximately 5.2% of Beddow Capital Management Inc.’s holdings, making the stock its 4th biggest position. Beddow Capital Management Inc. owned approximately 1.07% of Banco Latinoamericano de Comercio Exterior, S. A. worth $12,709,000 at the end of the most recent quarter. 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 in two segments, Commercial and Treasury. It 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.