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

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) shares hit a new 52-week high on Monday . The company traded as high as $61.20 and last traded at $61.4350, with a volume of 18932 shares changing hands. The stock had previously closed at $60.18.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut 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, According to data from MarketBeat, Banco Latinoamericano de Comercio Exterior has a consensus rating of “Strong Buy”.

Banco Latinoamericano de Comercio Exterior Stock Performance

The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 2.40. The stock has a market cap of $2.27 billion, a P/E ratio of 10.12 and a beta of 0.81. The firm’s 50-day moving average is $55.80 and its two-hundred day moving average is $50.43.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last posted its 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 company had revenue of $83.10 million during the quarter.

Banco Latinoamericano de Comercio Exterior Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Friday, May 8th were paid a $0.6875 dividend. This represents a $2.75 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, May 8th. Banco Latinoamericano de Comercio Exterior’s payout ratio is presently 45.68%.

Hedge Funds Weigh In On Banco Latinoamericano de Comercio Exterior

Several institutional investors have recently bought and sold shares of the stock. Diversified Trust Co. acquired a new stake in shares of Banco Latinoamericano de Comercio Exterior in the fourth quarter worth about $200,000. Diversified Trust Co increased 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 acquiring an additional 2,827 shares during the last quarter. Ramirez Asset Management Inc. increased 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 acquiring an additional 4,270 shares during the last quarter. Hillsdale Investment Management Inc. raised its stake in shares of Banco Latinoamericano de Comercio Exterior by 4.8% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 122,864 shares of the bank’s stock valued at $5,648,000 after acquiring an additional 5,600 shares in the last quarter. Finally, LSV Asset Management lifted its holdings in Banco Latinoamericano de Comercio Exterior by 1.3% in the 4th quarter. LSV Asset Management now owns 1,163,826 shares of the bank’s stock worth $51,907,000 after purchasing an additional 15,291 shares during the last quarter. 19.47% of the stock is currently owned by 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.