Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Reaches New 12-Month High – Still a Buy?

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $58.14 and last traded at $57.60, with a volume of 40349 shares traded. The stock had previously closed at $56.04.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Banco Latinoamericano de Comercio Exterior from a “buy (a)” rating to a “buy (a-)” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Banco Latinoamericano de Comercio Exterior presently has an average rating of “Strong Buy”.

Banco Latinoamericano de Comercio Exterior Stock Up 1.6%

The stock’s 50-day moving average price is $54.75 and its two-hundred day moving average price is $49.69. The stock has a market capitalization of $2.17 billion, a P/E ratio of 9.70 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 posted 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 return on equity of 14.36% and a net margin of 27.77%.

Banco Latinoamericano de Comercio Exterior Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Friday, May 8th were given a dividend of $0.6875 per share. The ex-dividend date was Friday, May 8th. This represents a $2.75 annualized dividend and a dividend yield of 4.7%. Banco Latinoamericano de Comercio Exterior’s dividend payout ratio is currently 45.68%.

Hedge Funds Weigh In On Banco Latinoamericano de Comercio Exterior

Several hedge funds have recently made changes to their positions in BLX. Diversified Trust Co. bought a new stake in shares of Banco Latinoamericano de Comercio Exterior during the 4th quarter valued at $200,000. Diversified Trust Co boosted its stake in Banco Latinoamericano de Comercio Exterior by 63.0% in the 1st quarter. Diversified Trust Co now owns 7,316 shares of the bank’s stock worth $374,000 after purchasing an additional 2,827 shares during the period. 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 valued at $1,838,000 after buying an additional 4,270 shares in the last quarter. Hillsdale Investment Management Inc. increased its position in shares of Banco Latinoamericano de Comercio Exterior by 4.8% during the third quarter. Hillsdale Investment Management Inc. now owns 122,864 shares of the bank’s stock valued at $5,648,000 after buying an additional 5,600 shares during the period. Finally, LSV Asset Management lifted its holdings 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 buying an additional 15,291 shares in the last quarter. 19.47% of the stock is currently owned by hedge funds and other institutional investors.

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.