Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Share Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 changing hands.

Wall Street Analysts Forecast Growth

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

Banco Latinoamericano de Comercio Exterior Stock Performance

The firm has a market capitalization of $1.49 billion, a P/E ratio of 7.26 and a beta of 0.88. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 2.92. The company has a 50-day moving average of $40.40 and a 200-day moving average of $38.32.

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

Banco Latinoamericano de Comercio Exterior Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Friday, May 16th were paid a dividend of $0.625 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.50 annualized dividend and a yield of 6.15%. Banco Latinoamericano de Comercio Exterior's dividend payout ratio is currently 44.64%.

Hedge Funds Weigh In On Banco Latinoamericano de Comercio Exterior

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

About Banco Latinoamericano de Comercio Exterior

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.