Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Shares Pass Above Two Hundred Day Moving Average - Here's What Happened

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-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 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 Price Performance

The company's 50-day simple moving average is $41.16 and its 200 day simple moving average is $38.89. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.62 and a current ratio of 1.62. The company has a market cap of $1.57 billion, a PE ratio of 7.65 and a beta of 0.86.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX - Get Free Report) last released its earnings results 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 firm had revenue of $77.95 million during the quarter. On average, sell-side 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 Announces Dividend

The business also recently disclosed 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. This represents a $2.50 dividend on an annualized basis and a dividend yield of 5.83%. The ex-dividend date of this dividend was Friday, May 16th. Banco Latinoamericano de Comercio Exterior's dividend payout ratio is presently 44.64%.

Institutional Trading of Banco Latinoamericano de Comercio Exterior

Several hedge funds have recently added to or reduced their stakes in BLX. GAMMA Investing LLC increased its position in shares of 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 purchasing an additional 25,830 shares during the last quarter. Motley Fool Wealth Management LLC acquired a new stake in Banco Latinoamericano de Comercio Exterior in the fourth quarter valued at $1,603,000. Sterling Capital Management LLC lifted its holdings in 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 worth $516,000 after buying an additional 779 shares during the last quarter. Hillsdale Investment Management Inc. boosted its position 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 worth $4,441,000 after acquiring an additional 900 shares in the last quarter. Finally, LSV Asset Management boosted its position in shares of Banco Latinoamericano de Comercio Exterior by 2.4% during the 1st 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 in the last quarter. Institutional investors and hedge funds 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.