Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Sets New 12-Month High at $31.95

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $31.95 and last traded at $31.89, with a volume of 79222 shares changing hands. The stock had previously closed at $30.60.

Analysts Set New Price Targets

Separately, Scotiabank raised their price objective on shares of Banco Latinoamericano de Comercio Exterior, S. A. from $38.00 to $42.00 and gave the company a “sector outperform” rating in a research report on Wednesday, June 12th.

Banco Latinoamericano de Comercio Exterior, S. A. Stock Performance

The firm’s fifty day simple moving average is $29.83 and its 200 day simple moving average is $27.92. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.72 and a quick ratio of 1.72. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 6.51 and a beta of 1.20.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last posted its quarterly earnings results on Thursday, April 18th. The bank reported $1.40 earnings per share (EPS) for the quarter. The business had revenue of $72.60 million during the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a net margin of 23.58% and a return on equity of 15.26%. On average, sell-side analysts forecast that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 EPS for the current year.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Monday, April 29th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.24%. This is a positive change from Banco Latinoamericano de Comercio Exterior, S. A.’s previous quarterly dividend of $0.39. The ex-dividend date was Friday, April 26th. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio is 40.49%.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LSV Asset Management raised its position in Banco Latinoamericano de Comercio Exterior, S. A. by 0.9% during the first quarter. LSV Asset Management now owns 962,524 shares of the bank’s stock valued at $28,510,000 after acquiring an additional 9,038 shares in the last quarter. Hillsdale Investment Management Inc. bought a new position in Banco Latinoamericano de Comercio Exterior, S. A. during the first quarter valued at approximately $3,002,000. Los Angeles Capital Management LLC raised its position in Banco Latinoamericano de Comercio Exterior, S. A. by 21.2% during the fourth quarter. Los Angeles Capital Management LLC now owns 55,805 shares of the bank’s stock valued at $1,381,000 after acquiring an additional 9,771 shares in the last quarter. Finally, Diversified Trust Co bought a new position in Banco Latinoamericano de Comercio Exterior, S. A. during the third quarter valued at approximately $488,000. Institutional investors own 19.47% of the company’s stock.

About Banco Latinoamericano de Comercio Exterior, S. A.

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 through two segments, Commercial and Treasury. It also 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.