Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Share Price Passes Above 200 Day Moving Average - Here's Why

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $47.73 and traded as high as $54.56. Banco Latinoamericano de Comercio Exterior shares last traded at $53.6050, with a volume of 78,940 shares traded.

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Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Banco Latinoamericano de Comercio Exterior from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, Banco Latinoamericano de Comercio Exterior currently has a consensus rating of "Strong Buy".

Banco Latinoamericano de Comercio Exterior Trading Up 0.6%

The stock has a market capitalization of $2.00 billion, a PE ratio of 8.90 and a beta of 0.81. The firm has a 50-day moving average price of $51.75 and a 200-day moving average price of $47.73. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 2.40.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX - Get Free Report) last announced its earnings results on Tuesday, April 28th. The bank reported $1.31 earnings per share (EPS) for the quarter. Banco Latinoamericano de Comercio Exterior had a return on equity of 14.65% and a net margin of 27.77%.The firm had revenue of $83.10 million during the quarter.

Banco Latinoamericano de Comercio Exterior Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Friday, May 8th will be given a dividend of $0.6875 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $2.75 annualized dividend and a dividend yield of 5.1%. Banco Latinoamericano de Comercio Exterior's dividend payout ratio (DPR) is currently 45.68%.

Institutional Investors Weigh In On Banco Latinoamericano de Comercio Exterior

Large investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. increased its position in shares of Banco Latinoamericano de Comercio Exterior by 7.5% during the 3rd quarter. SBI Securities Co. Ltd. now owns 3,746 shares of the bank's stock valued at $172,000 after purchasing an additional 261 shares during the last quarter. Diversified Trust Co. purchased a new stake in Banco Latinoamericano de Comercio Exterior in the 4th quarter worth about $200,000. Diversified Trust Co increased its holdings in Banco Latinoamericano de Comercio Exterior by 63.0% in the 1st quarter. Diversified Trust Co now owns 7,316 shares of the bank's stock worth $374,000 after acquiring an additional 2,827 shares during the last quarter. Ramirez Asset Management Inc. increased its holdings in Banco Latinoamericano de Comercio Exterior by 12.0% in the 3rd quarter. Ramirez Asset Management Inc. now owns 39,988 shares of the bank's stock worth $1,838,000 after acquiring an additional 4,270 shares during the last quarter. Finally, Hillsdale Investment Management Inc. increased its holdings in 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 worth $5,648,000 after acquiring an additional 5,600 shares during the last quarter. 19.47% of the stock is owned by hedge funds and other 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.

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