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

Shares of Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $38.79 and traded as high as $42.62. Banco Latinoamericano de Comercio Exterior shares last traded at $42.32, with a volume of 75,836 shares traded.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded 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 Price Performance

The stock has a 50 day simple moving average of $41.21 and a two-hundred day simple moving average of $38.94. The firm has a market cap of $1.55 billion, a PE ratio of 7.58 and a beta of 0.86. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.62 and a current ratio of 1.62.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX - Get Free Report) last posted 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 return on equity of 15.63% and a net margin of 24.91%. The company had revenue of $77.95 million for the quarter. Sell-side analysts expect that Banco Latinoamericano de Comercio Exterior, S.A. will post 4.6 earnings per share for the current year.

Banco Latinoamericano de Comercio Exterior Dividend Announcement

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. The ex-dividend date was Friday, May 16th. This represents a $2.50 annualized dividend and a dividend yield of 5.89%. Banco Latinoamericano de Comercio Exterior's dividend payout ratio is presently 44.64%.

Hedge Funds Weigh In On Banco Latinoamericano de Comercio Exterior

Institutional investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. lifted its stake in Banco Latinoamericano de Comercio Exterior by 36.8% during 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 in the last quarter. Sterling Capital Management LLC lifted its stake in Banco Latinoamericano de Comercio Exterior by 5.7% during the fourth quarter. Sterling Capital Management LLC now owns 14,497 shares of the bank's stock worth $516,000 after purchasing an additional 779 shares in the last quarter. Hillsdale Investment Management Inc. lifted its stake in 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. GAMMA Investing LLC lifted its stake in 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. Finally, LSV Asset Management increased 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 acquiring an additional 27,285 shares during the period. Hedge funds and other 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.