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) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $39.30 and last traded at $39.11, with a volume of 734 shares trading hands. The stock had previously closed at $38.80.

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

The firm has a market cap of $1.38 billion, a P/E ratio of 6.92 and a beta of 1.16. 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 stock 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 released its earnings results on Tuesday, October 29th. The bank reported $1.44 EPS for the quarter. The business had revenue of $209.64 million for the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a return on equity of 16.01% and a net margin of 24.29%. During the same period in the prior year, the company earned $1.25 EPS. As a group, equities research analysts predict 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 company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 8th were paid a $0.50 dividend. The ex-dividend date was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a yield of 5.28%. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio is presently 36.56%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Banco Latinoamericano de Comercio Exterior, S. A. stock. Beddow Capital Management Inc. grew its stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) by 1.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 391,161 shares of the bank’s stock after buying an additional 7,423 shares during the quarter. Banco Latinoamericano de Comercio Exterior, S. A. accounts for approximately 5.2% of Beddow Capital Management Inc.’s portfolio, making the stock its 4th largest holding. Beddow Capital Management Inc. owned about 1.07% of Banco Latinoamericano de Comercio Exterior, S. A. worth $12,709,000 as of its most recent SEC filing. 19.47% of the stock is currently owned by institutional investors.

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.