Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Sees Unusually-High Trading Volume – What’s Next?

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) shares saw strong trading volume on Wednesday . 120,116 shares changed hands during mid-day trading, a decline of 4% from the previous session’s volume of 124,545 shares.The stock last traded at $35.80 and had previously closed at $35.72.

Banco Latinoamericano de Comercio Exterior, S. A. Trading Up 3.8 %

The company has a debt-to-equity ratio of 2.73, a quick ratio of 1.77 and a current ratio of 1.77. The company’s 50-day moving average price is $33.94 and its 200-day moving average price is $31.88. The firm has a market capitalization of $1.30 billion, a PE ratio of 6.52 and a beta of 1.17.

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

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 5.61%. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio is currently 36.56%.

Institutional Trading of Banco Latinoamericano de Comercio Exterior, S. A.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. boosted its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 77.8% in the second quarter. Meeder Asset Management Inc. now owns 969 shares of the bank’s stock valued at $29,000 after acquiring an additional 424 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 0.9% in the 2nd quarter. Rhumbline Advisers now owns 47,093 shares of the bank’s stock valued at $1,397,000 after purchasing an additional 411 shares during the last quarter. Sagil Capital LLP boosted its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 72.8% in the 2nd quarter. Sagil Capital LLP now owns 189,118 shares of the bank’s stock valued at $5,611,000 after purchasing an additional 79,701 shares during the period. Beddow Capital Management Inc. grew its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 1.0% during the 2nd quarter. Beddow Capital Management Inc. now owns 383,738 shares of the bank’s stock worth $11,386,000 after buying an additional 3,771 shares during the last quarter. Finally, LSV Asset Management increased its position in Banco Latinoamericano de Comercio Exterior, S. A. by 18.8% during the second quarter. LSV Asset Management now owns 1,143,824 shares of the bank’s stock worth $33,937,000 after buying an additional 181,300 shares during the period. 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.