Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Stock Price Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Banco Latinoamericano de Comercio Exterior (NYSE:BLX) has seen its stock price cross above the 200-day moving average, currently trading at $46.67 with a recent high of $47.36.
• Wall Street analyst ratings upgraded the stock from a "hold" to a "buy" rating as of August 16th.
• The bank reported a net margin of 26.32% and a return on equity of 16.23% in its latest quarterly earnings, with an anticipated EPS of 4.6 for the current year.

Shares of Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $41.32 and traded as high as $47.36. Banco Latinoamericano de Comercio Exterior shares last traded at $46.67, with a volume of 132,631 shares trading hands.

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 note on Saturday, August 16th.

Banco Latinoamericano de Comercio Exterior Price Performance

The company has a 50-day simple moving average of $44.87 and a two-hundred day simple moving average of $41.32. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 7.82 and a beta of 0.89.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The bank reported $1.73 EPS for the quarter. The business had revenue of $90.04 million during the quarter. Banco Latinoamericano de Comercio Exterior had a net margin of 26.32% and a return on equity of 16.23%. 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 declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Friday, August 15th were given a dividend of $0.625 per share. The ex-dividend date was Friday, August 15th. This represents a $2.50 annualized dividend and a dividend yield of 5.4%. Banco Latinoamericano de Comercio Exterior's dividend payout ratio is currently 41.88%.

Hedge Funds Weigh In On Banco Latinoamericano de Comercio Exterior

Several institutional investors have recently modified their holdings of BLX. PNC Financial Services Group Inc. bought a new position in shares of Banco Latinoamericano de Comercio Exterior during the second quarter worth about $25,000. SBI Securities Co. Ltd. lifted its holdings in Banco Latinoamericano de Comercio Exterior by 36.8% in the first quarter. SBI Securities Co. Ltd. now owns 2,859 shares of the bank's stock worth $105,000 after purchasing an additional 769 shares during the period. EMC Capital Management bought a new position in Banco Latinoamericano de Comercio Exterior in the 2nd quarter valued at about $273,000. GAMMA Investing LLC grew its position in Banco Latinoamericano de Comercio Exterior by 4,087.0% in 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. Finally, Ramirez Asset Management Inc. grew its position in Banco Latinoamericano de Comercio Exterior by 20.3% in the 2nd 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 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.

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