Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Stock Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Banco Latinoamericano de Comercio Exterior stocks surpassed their 200-day moving average, reaching a high of $45.31 and closing at $44.90, indicating positive market momentum.
• Wall Street analysts upgraded the bank's shares from a "sell" to a "hold" rating, reflecting a shift in market sentiment towards the company's performance.
• The bank announced a quarterly dividend of $0.625, with an annualized yield of 5.6%, representing a commitment to returning value to shareholders.

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 $39.50 and traded as high as $45.31. Banco Latinoamericano de Comercio Exterior shares last traded at $44.90, with a volume of 214,891 shares traded.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Banco Latinoamericano de Comercio Exterior from a "hold" rating to a "buy" rating in a research report on Saturday.

Banco Latinoamericano de Comercio Exterior Trading Down 1.6%

The firm has a fifty day moving average price of $41.94 and a 200 day moving average price of $39.71. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 7.51 and a beta of 0.88.

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 earnings per share (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 business had revenue of $90.04 million for the quarter. As a group, equities analysts predict that Banco Latinoamericano de Comercio Exterior, S.A. will post 4.6 EPS for the current fiscal year.

Banco Latinoamericano de Comercio Exterior Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Friday, August 15th will be issued a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date is Friday, August 15th. Banco Latinoamericano de Comercio Exterior's dividend payout ratio is currently 41.88%.

Institutional Investors Weigh In On Banco Latinoamericano de Comercio Exterior

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BLX. PNC Financial Services Group Inc. bought a new position in shares of Banco Latinoamericano de Comercio Exterior during the 2nd quarter valued at about $25,000. SBI Securities Co. Ltd. lifted its holdings in shares of Banco Latinoamericano de Comercio Exterior by 36.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 2,859 shares of the bank's stock valued at $105,000 after purchasing an additional 769 shares in the last quarter. EMC Capital Management bought a new position in shares of Banco Latinoamericano de Comercio Exterior during the 2nd quarter valued at about $273,000. Sterling Capital Management LLC lifted its holdings in shares of Banco Latinoamericano de Comercio Exterior by 5.7% during the 4th quarter. Sterling Capital Management LLC now owns 14,497 shares of the bank's stock valued at $516,000 after purchasing an additional 779 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Banco Latinoamericano de Comercio Exterior by 4,087.0% during the 1st quarter. GAMMA Investing LLC now owns 26,462 shares of the bank's stock valued at $969,000 after purchasing an additional 25,830 shares in the last quarter. 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.