Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $36.26 and traded as high as $39.43. Banco Latinoamericano de Comercio Exterior, S. A. shares last traded at $39.14, with a volume of 93,967 shares changing hands.
Banco Latinoamericano de Comercio Exterior, S. A. Stock Up 1.3 %
The firm has a market capitalization of $1.43 billion, a PE ratio of 7.16 and a beta of 0.88. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.77 and a quick ratio of 1.77. The company has a 50-day moving average price of $37.64 and a 200 day moving average price of $36.28.
Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The bank reported $1.40 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.33. Banco Latinoamericano de Comercio Exterior, S. A. had a return on equity of 16.01% and a net margin of 24.29%. The company had revenue of $78.40 million for the quarter, compared to analysts' expectations of $54.84 million. Analysts forecast that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 earnings per share for the current year.
Banco Latinoamericano de Comercio Exterior, S. A. Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Monday, March 10th were paid a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 6.39%. This is a boost from Banco Latinoamericano de Comercio Exterior, S. A.'s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Monday, March 10th. Banco Latinoamericano de Comercio Exterior, S. A.'s dividend payout ratio (DPR) is presently 44.64%.
Institutional Trading of Banco Latinoamericano de Comercio Exterior, S. A.
Hedge funds have recently bought and sold shares of the stock. Sterling Capital Management LLC increased its holdings in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 5.7% in 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 during the last quarter. Hillsdale Investment Management Inc. raised its holdings in shares of Banco Latinoamericano de Comercio Exterior, S. A. 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. SBI Securities Co. Ltd. bought a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. during the 4th quarter valued at approximately $74,000. Longboard Asset Management LP purchased a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the fourth quarter valued at $202,000. Finally, GAMMA Investing LLC grew its holdings in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 4,087.0% in the first 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 in the last quarter. Hedge funds and other institutional investors own 19.47% of the company's stock.
About Banco Latinoamericano de Comercio Exterior, S. A.
(
Get Free Report)
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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