Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Hits New 52-Week High – Still a Buy?

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

Banco Latinoamericano de Comercio Exterior, S. A. Stock Down 3.2 %

The company has a debt-to-equity ratio of 2.73, a current ratio of 1.77 and a quick ratio of 1.77. The company has a market capitalization of $1.38 billion, a P/E ratio of 6.92 and a beta of 1.16. The company has a 50 day moving average of $35.57 and a 200-day moving average of $33.13.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last issued its quarterly earnings data on Tuesday, October 29th. The bank reported $1.44 EPS for the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a net margin of 24.29% and a return on equity of 16.01%. The business had revenue of $209.64 million during the quarter. During the same quarter last year, the business earned $1.25 earnings per share. As a group, equities analysts anticipate that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 EPS for the current year.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 8th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 5.28%. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio (DPR) is presently 36.56%.

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

An institutional investor recently raised its position in Banco Latinoamericano de Comercio Exterior, S. A. stock. Beddow Capital Management Inc. grew its holdings in shares of Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) by 1.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 391,161 shares of the bank’s stock after purchasing an additional 7,423 shares during the period. Banco Latinoamericano de Comercio Exterior, S. A. makes up approximately 5.2% of Beddow Capital Management Inc.’s holdings, making the stock its 4th largest position. Beddow Capital Management Inc. owned approximately 1.07% of Banco Latinoamericano de Comercio Exterior, S. A. worth $12,709,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.