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

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX - Get Free Report) shares crossed 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 traded.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded 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 1.2%

The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 2.92. The firm's 50 day simple moving average is $40.71 and its 200-day simple moving average is $38.59. The company has a market capitalization of $1.49 billion, a PE ratio of 7.29 and a beta of 0.86.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The bank reported $1.40 earnings per share (EPS) for the quarter. Banco Latinoamericano de Comercio Exterior had a net margin of 24.91% and a return on equity of 15.63%. The company had revenue of $77.95 million during the quarter. As a group, equities research analysts anticipate 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 company also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Friday, May 16th were given a dividend of $0.625 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 6.12%. Banco Latinoamericano de Comercio Exterior's payout ratio is currently 44.64%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BLX. Motley Fool Wealth Management LLC acquired a new position in shares of Banco Latinoamericano de Comercio Exterior during the fourth quarter worth $1,603,000. LSV Asset Management lifted its position in shares of Banco Latinoamericano de Comercio Exterior by 2.4% during the first quarter. LSV Asset Management now owns 1,185,460 shares of the bank's stock worth $43,388,000 after purchasing an additional 27,285 shares in the last quarter. GAMMA Investing LLC lifted 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 worth $969,000 after purchasing an additional 25,830 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Banco Latinoamericano de Comercio Exterior during the fourth quarter worth $74,000. Finally, Hillsdale Investment Management Inc. lifted its position 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 worth $4,441,000 after purchasing an additional 900 shares in the last quarter. 19.47% of the stock is owned by institutional investors and hedge funds.

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.