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

Key Points

• BLX shares moved above their 200-day moving average, reaching $56.96 before closing at $56.28, compared with the $54.33 long-term average.
• The bank reported quarterly EPS of $1.77 on $98.9 million in revenue, with a 27.77% net margin and 13.77% return on equity. Weiss Ratings reaffirmed its “buy (a-)” rating, and MarketBeat reports a “Strong Buy” consensus.
• BLX declared a quarterly dividend of $0.6875, or $2.75 annualized, representing a 4.9% yield and a 45.38% payout ratio; institutional investors own 19.47% of the shares.

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $54.33 and traded as high as $56.96. Banco Latinoamericano de Comercio Exterior shares last traded at $56.28, with a volume of 139,589 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a "buy (a-)" rating on shares of Banco Latinoamericano de Comercio Exterior in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, Banco Latinoamericano de Comercio Exterior currently has an average rating of "Strong Buy".

Banco Latinoamericano de Comercio Exterior Stock Up 0.2%

The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.49 and a current ratio of 1.49. The company has a market capitalization of $2.10 billion, a PE ratio of 9.29 and a beta of 0.80. The firm's 50-day simple moving average is $58.95 and its 200 day simple moving average is $54.33.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The bank reported $1.77 earnings per share (EPS) for the quarter. Banco Latinoamericano de Comercio Exterior had a net margin of 27.77% and a return on equity of 13.77%. The business had revenue of $98.90 million during the quarter.

Banco Latinoamericano de Comercio Exterior Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Friday, August 7th will be issued a $0.6875 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $2.75 dividend on an annualized basis and a yield of 4.9%. Banco Latinoamericano de Comercio Exterior's dividend payout ratio (DPR) is 45.38%.

Institutional Investors Weigh In On Banco Latinoamericano de Comercio Exterior

A hedge fund recently raised its position in Banco Latinoamericano de Comercio Exterior stock. LSV Asset Management increased its position in Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,163,826 shares of the bank's stock after acquiring an additional 15,291 shares during the period. LSV Asset Management owned approximately 3.13% of Banco Latinoamericano de Comercio Exterior worth $51,907,000 as of its most recent SEC filing. 19.47% of the stock is currently owned by hedge funds and other institutional investors.

About Banco Latinoamericano de Comercio Exterior

Banco Latinoamericano de Comercio Exterior SA, commonly known as BLADEx and traded on the New York Stock Exchange under the symbol BLX, is a multilateral financial institution dedicated to promoting foreign trade and regional integration in Latin America and the Caribbean. Headquartered in Panama City, the bank provides specialized trade finance solutions to corporate clients and financial institutions, helping to facilitate cross-border transactions across key markets in the region. Its services encompass import and export financing, supply chain solutions, project and structured finance, as well as treasury and risk management products.

Established in 1977 by a consortium of 20 Latin American and Caribbean governments in partnership with the Inter-American Development Bank (IDB), BLADEx has a mandate to support economic development through trade facilitation.

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