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

Key Points

• Banco Latinoamericano de Comercio Exterior's stock (NYSE:BLX) has surged above its 200-day moving average of $41.69, reaching a high of $45.52 during recent trading.
• Wall Street analysts have recently upgraded the stock's rating, with a consensus rating of "Buy", indicating positive market sentiment towards the company's performance.
• The bank reported a quarterly EPS of $1.73 and announced a quarterly dividend of $0.625, translating to an annualized dividend of $2.50 and a dividend yield of 5.5%.

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $41.69 and traded as high as $45.52. Banco Latinoamericano de Comercio Exterior shares last traded at $45.37, with a volume of 103,430 shares trading hands.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wall Street Zen upgraded Banco Latinoamericano de Comercio Exterior from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Weiss Ratings reaffirmed a "buy (b+)" rating on shares of Banco Latinoamericano de Comercio Exterior in a report on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy".

Banco Latinoamericano de Comercio Exterior Price Performance

The firm has a fifty day simple moving average of $45.28 and a 200-day simple moving average of $41.69. The firm has a market cap of $1.69 billion, a P/E ratio of 7.60 and a beta of 0.89.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The bank reported $1.73 EPS for the quarter. Banco Latinoamericano de Comercio Exterior had a return on equity of 16.23% and a net margin of 26.32%.The company had revenue of $90.04 million during the quarter. On average, equities analysts predict that Banco Latinoamericano de Comercio Exterior, S.A. will post 4.6 earnings per share for the current year.

Banco Latinoamericano de Comercio Exterior Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Friday, August 15th were given a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 5.5%. The ex-dividend date was Friday, August 15th. Banco Latinoamericano de Comercio Exterior's dividend payout ratio is 41.88%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. LSV Asset Management lifted its holdings in Banco Latinoamericano de Comercio Exterior by 2.4% in the second quarter. LSV Asset Management now owns 1,213,835 shares of the bank's stock worth $48,918,000 after buying an additional 28,375 shares during the period. Rhumbline Advisers increased its position in Banco Latinoamericano de Comercio Exterior by 11.5% during the 2nd quarter. Rhumbline Advisers now owns 46,968 shares of the bank's stock valued at $1,893,000 after buying an additional 4,843 shares in the last quarter. Ramirez Asset Management Inc. grew its position in Banco Latinoamericano de Comercio Exterior by 20.3% during the 2nd quarter. Ramirez Asset Management Inc. now owns 35,718 shares of the bank's stock valued at $1,439,000 after purchasing an additional 6,020 shares during the last quarter. GAMMA Investing LLC increased its position in shares of 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 valued at $969,000 after acquiring an additional 25,830 shares in the last quarter. Finally, EMC Capital Management purchased a new position in shares of Banco Latinoamericano de Comercio Exterior in the second quarter worth $273,000. Institutional investors own 19.47% of the company's stock.

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.

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