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

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $38.54 and traded as high as $40.88. Banco Latinoamericano de Comercio Exterior shares last traded at $40.83, with a volume of 55,775 shares.

Analyst Upgrades and Downgrades

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

Banco Latinoamericano de Comercio Exterior Trading Up 1.7%

The company has a debt-to-equity ratio of 2.92, a current ratio of 1.62 and a quick ratio of 1.62. The firm's 50 day moving average is $40.80 and its 200 day moving average is $38.64. The company has a market capitalization of $1.51 billion, a PE ratio of 7.39 and a beta of 0.86.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX - Get Free Report) last released its quarterly 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 for the quarter. Banco Latinoamericano de Comercio Exterior had a net margin of 24.91% and a return on equity of 15.63%. As a group, equities analysts predict 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 declared a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Friday, May 16th were issued a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 6.04%. The ex-dividend date of this dividend was Friday, May 16th. Banco Latinoamericano de Comercio Exterior's dividend payout ratio (DPR) is currently 44.64%.

Institutional Trading of Banco Latinoamericano de Comercio Exterior

Large investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. bought a new stake in Banco Latinoamericano de Comercio Exterior in the fourth quarter valued at $74,000. Sterling Capital Management LLC boosted 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 buying an additional 779 shares in the last quarter. GAMMA Investing LLC boosted 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 buying an additional 25,830 shares in the last quarter. Motley Fool Wealth Management LLC bought a new stake in shares of Banco Latinoamericano de Comercio Exterior during the 4th quarter valued at $1,603,000. Finally, Hillsdale Investment Management Inc. boosted its holdings in shares of Banco Latinoamericano de Comercio Exterior by 0.7% during the 4th quarter. Hillsdale Investment Management Inc. now owns 124,864 shares of the bank's stock valued at $4,441,000 after buying an additional 900 shares in the last quarter. Institutional investors own 19.47% of the company's stock.

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.