Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Stock Price Passes Above 200-Day Moving Average - What's Next?

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $39.27 and traded as high as $41.62. Banco Latinoamericano de Comercio Exterior shares last traded at $40.75, with a volume of 184,200 shares changing hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded 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 Price Performance

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 market cap of $1.44 billion, a PE ratio of 7.03 and a beta of 0.86. The firm has a 50 day moving average of $41.48 and a two-hundred day moving average of $39.29.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX - Get Free Report) last issued its earnings results on Monday, May 5th. The bank reported $1.40 EPS for the quarter. Banco Latinoamericano de Comercio Exterior had a return on equity of 15.63% and a net margin of 24.91%. The business had revenue of $77.95 million for the quarter. Research analysts predict 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 Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend was Friday, May 16th. Banco Latinoamericano de Comercio Exterior's dividend payout ratio is presently 44.64%.

Hedge Funds Weigh In On Banco Latinoamericano de Comercio Exterior

Several hedge funds and other institutional investors have recently modified their holdings of BLX. GAMMA Investing LLC increased its position in Banco Latinoamericano de Comercio Exterior by 4,087.0% in the first quarter. GAMMA Investing LLC now owns 26,462 shares of the bank's stock worth $969,000 after buying an additional 25,830 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in Banco Latinoamericano de Comercio Exterior by 36.8% during the first quarter. SBI Securities Co. Ltd. now owns 2,859 shares of the bank's stock valued at $105,000 after buying an additional 769 shares during the last quarter. Sterling Capital Management LLC boosted its stake in Banco Latinoamericano de Comercio Exterior by 5.7% during the fourth 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 last quarter. Ramirez Asset Management Inc. boosted its stake in Banco Latinoamericano de Comercio Exterior by 20.3% during the second quarter. Ramirez Asset Management Inc. now owns 35,718 shares of the bank's stock valued at $1,439,000 after buying an additional 6,020 shares during the last quarter. Finally, LSV Asset Management lifted its stake in shares of Banco Latinoamericano de Comercio Exterior by 2.4% in the 1st quarter. LSV Asset Management now owns 1,185,460 shares of the bank's stock valued at $43,388,000 after purchasing an additional 27,285 shares during the last quarter. 19.47% of the stock is owned by 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.