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

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $61.08 and last traded at $60.83, with a volume of 175927 shares. The stock had previously closed at $60.46.

Analyst Ratings Changes

Separately, Weiss Ratings lowered 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 analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Banco Latinoamericano de Comercio Exterior has a consensus rating of “Strong Buy”.

Banco Latinoamericano de Comercio Exterior Stock Up 1.0%

The stock’s fifty day moving average price is $55.38 and its 200 day moving average price is $50.11. The stock has a market cap of $2.21 billion, a P/E ratio of 9.85 and a beta of 0.81. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 2.40.

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

Banco Latinoamericano de Comercio Exterior Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Friday, May 8th were issued a dividend of $0.6875 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $2.75 annualized dividend and a dividend yield of 4.6%. Banco Latinoamericano de Comercio Exterior’s dividend payout ratio (DPR) is currently 45.68%.

Hedge Funds Weigh In On Banco Latinoamericano de Comercio Exterior

Institutional investors and hedge funds have recently made changes to their positions in the business. LSV Asset Management grew its holdings in shares of 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 valued at $51,907,000 after purchasing an additional 15,291 shares during the last quarter. Ramirez Asset Management Inc. grew its holdings in shares of 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 valued at $1,838,000 after purchasing an additional 4,270 shares during the last quarter. Diversified Trust Co. bought a new position in shares of Banco Latinoamericano de Comercio Exterior during the 4th quarter valued at $200,000. Diversified Trust Co grew its holdings in shares of Banco Latinoamericano de Comercio Exterior by 63.0% during the 1st quarter. Diversified Trust Co now owns 7,316 shares of the bank’s stock valued at $374,000 after purchasing an additional 2,827 shares during the last quarter. Finally, Hillsdale Investment Management Inc. grew its holdings in shares of 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 valued at $5,648,000 after purchasing an additional 5,600 shares during the last quarter. Institutional investors own 19.47% of the company’s stock.

About Banco Latinoamericano de Comercio Exterior

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.