Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Shares Pass Above 200 Day Moving Average - Here's Why

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $36.59 and traded as high as $41.08. Banco Latinoamericano de Comercio Exterior, S. A. shares last traded at $40.62, with a volume of 120,838 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Banco Latinoamericano de Comercio Exterior, S. A. from a "sell" rating to a "hold" rating in a research note on Thursday.

Banco Latinoamericano de Comercio Exterior, S. A. Stock Performance

The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 7.50 and a beta of 0.87. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 2.73. The company has a 50-day moving average price of $37.70 and a 200-day moving average price of $36.76.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report) last released its earnings results on Monday, May 5th. The bank reported $1.40 earnings per share for the quarter. The firm had revenue of $77.95 million during the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a return on equity of 16.01% and a net margin of 24.29%. As a group, equities research 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. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Friday, May 16th will be given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 6.09%. The ex-dividend date of this dividend is Friday, May 16th. Banco Latinoamericano de Comercio Exterior, S. A.'s payout ratio is 44.64%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BLX. SBI Securities Co. Ltd. lifted its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 36.8% during the 1st 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 last quarter. Sterling Capital Management LLC raised its holdings in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 5.7% in 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 in the last quarter. Hillsdale Investment Management Inc. grew its position in 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 during the last quarter. Longboard Asset Management LP bought a new stake in Banco Latinoamericano de Comercio Exterior, S. A. during the 4th quarter worth approximately $202,000. Finally, GAMMA Investing LLC boosted its position in Banco Latinoamericano de Comercio Exterior, S. A. 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 during the last quarter. 19.47% of the stock is owned by institutional investors and hedge funds.

About Banco Latinoamericano de Comercio Exterior, S. A.

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.