Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Shares Cross Above 200-Day Moving Average - Time to Sell?

Shares of Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $38.32 and traded as high as $41.84. Banco Latinoamericano de Comercio Exterior shares last traded at $41.23, with a volume of 107,411 shares traded.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Banco Latinoamericano de Comercio Exterior from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th.

Banco Latinoamericano de Comercio Exterior Trading Down 0.6%

The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a market cap of $1.48 billion, a P/E ratio of 7.21 and a beta of 0.88. The stock has a 50-day moving average price of $40.53 and a 200-day moving average price of $38.44.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX - Get Free Report) last announced its earnings results on Monday, May 5th. The bank reported $1.40 earnings per share for the quarter. Banco Latinoamericano de Comercio Exterior had a net margin of 24.91% and a return on equity of 15.63%. The business had revenue of $77.95 million for the quarter. On average, equities research analysts expect that Banco Latinoamericano de Comercio Exterior, S.A. will post 4.6 EPS for the current year.

Banco Latinoamericano de Comercio Exterior Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Friday, May 16th were issued a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 6.19%. The ex-dividend date was Friday, May 16th. Banco Latinoamericano de Comercio Exterior's dividend payout ratio is currently 44.64%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its stake in Banco Latinoamericano de Comercio Exterior by 4,087.0% during the first quarter. GAMMA Investing LLC now owns 26,462 shares of the bank's stock worth $969,000 after purchasing an additional 25,830 shares during the last quarter. Motley Fool Wealth Management LLC purchased a new position in shares of Banco Latinoamericano de Comercio Exterior during the 4th quarter valued at about $1,603,000. Sterling Capital Management LLC lifted its position in Banco Latinoamericano de Comercio Exterior by 5.7% in the 4th quarter. Sterling Capital Management LLC now owns 14,497 shares of the bank's stock worth $516,000 after buying an additional 779 shares during the last quarter. Hillsdale Investment Management Inc. boosted its stake in Banco Latinoamericano de Comercio Exterior by 0.7% in the fourth quarter. Hillsdale Investment Management Inc. now owns 124,864 shares of the bank's stock worth $4,441,000 after buying an additional 900 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in Banco Latinoamericano de Comercio Exterior in the fourth quarter worth approximately $74,000. 19.47% of the stock is currently owned by hedge funds and other institutional investors.

Banco Latinoamericano de Comercio Exterior 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.