Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Share Price Crosses Above 200 Day Moving Average - Here's What Happened

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX - Get Free Report)'s share price 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 changing hands.

Analyst Ratings Changes

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

Banco Latinoamericano de Comercio Exterior Trading Up 1.2%

The company has a market cap of $1.49 billion, a P/E ratio of 7.29 and a beta of 0.86. The stock's 50-day moving average is $40.71 and its two-hundred day moving average is $38.57. The company has a debt-to-equity ratio of 2.92, a current ratio of 1.62 and a quick ratio of 1.62.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The bank reported $1.40 earnings per share 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 for the quarter. As a group, equities 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Friday, May 16th were given a $0.625 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.50 annualized dividend and a yield of 6.12%. Banco Latinoamericano de Comercio Exterior's payout ratio is presently 44.64%.

Institutional Trading of Banco Latinoamericano de Comercio Exterior

Institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC raised its position 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 during the period. Motley Fool Wealth Management LLC purchased a new position in shares of Banco Latinoamericano de Comercio Exterior in the 4th quarter worth $1,603,000. Sterling Capital Management LLC lifted its holdings in shares of Banco Latinoamericano de Comercio Exterior by 5.7% in the 4th quarter. Sterling Capital Management LLC now owns 14,497 shares of the bank's stock worth $516,000 after acquiring an additional 779 shares during the last quarter. Hillsdale Investment Management Inc. lifted its holdings in shares of Banco Latinoamericano de Comercio Exterior by 0.7% in the 4th quarter. Hillsdale Investment Management Inc. now owns 124,864 shares of the bank's stock worth $4,441,000 after acquiring an additional 900 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Banco Latinoamericano de Comercio Exterior in the 4th quarter worth about $74,000. 19.47% of the stock is currently 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.