Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Reaches New 1-Year High – Time to Buy?

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) shares hit a new 52-week high on Monday . The stock traded as high as $54.58 and last traded at $54.2950, with a volume of 3828 shares trading hands. The stock had previously closed at $54.36.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Banco Latinoamericano de Comercio Exterior from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

Banco Latinoamericano de Comercio Exterior Trading Down 0.1%

The stock’s fifty day moving average price is $50.04 and its 200 day moving average price is $46.67. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.62 and a quick ratio of 1.02. The stock has a market capitalization of $2.02 billion, a P/E ratio of 8.89 and a beta of 0.82.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last posted its quarterly earnings results on Thursday, February 12th. The bank reported $1.50 EPS for the quarter. The firm had revenue of $88.80 million for the quarter. Banco Latinoamericano de Comercio Exterior had a net margin of 27.11% and a return on equity of 14.85%. Research analysts forecast that Banco Latinoamericano de Comercio Exterior, S.A. will post 4.6 earnings per share for the current year.

Banco Latinoamericano de Comercio Exterior Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Wednesday, February 25th were issued a dividend of $0.6875 per share. This represents a $2.75 annualized dividend and a yield of 5.1%. The ex-dividend date was Wednesday, February 25th. This is a positive change from Banco Latinoamericano de Comercio Exterior’s previous quarterly dividend of $0.63. Banco Latinoamericano de Comercio Exterior’s dividend payout ratio (DPR) is currently 45.01%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BLX. SBI Securities Co. Ltd. grew its holdings in Banco Latinoamericano de Comercio Exterior by 7.5% during the 3rd quarter. SBI Securities Co. Ltd. now owns 3,746 shares of the bank’s stock worth $172,000 after acquiring an additional 261 shares in the last quarter. Diversified Trust Co. bought a new position in Banco Latinoamericano de Comercio Exterior during the 4th quarter worth about $200,000. Ramirez Asset Management Inc. grew its holdings in Banco Latinoamericano de Comercio Exterior by 12.0% during the 3rd quarter. Ramirez Asset Management Inc. now owns 39,988 shares of the bank’s stock worth $1,838,000 after acquiring an additional 4,270 shares in the last quarter. Hillsdale Investment Management Inc. grew its holdings in Banco Latinoamericano de Comercio Exterior by 4.8% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 122,864 shares of the bank’s stock worth $5,648,000 after acquiring an additional 5,600 shares in the last quarter. Finally, LSV Asset Management grew its holdings in Banco Latinoamericano de Comercio Exterior by 1.3% during the 4th 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 in the last quarter. 19.47% of the stock is currently owned by institutional investors.

Banco Latinoamericano de Comercio Exterior Company Profile

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.