Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $37.37 and traded as high as $41.60. Banco Latinoamericano de Comercio Exterior, S. A. shares last traded at $41.04, with a volume of 93,354 shares.

Analyst Ratings Changes

Separately, Wall Street Zen raised Banco Latinoamericano de Comercio Exterior, S. A. from a "sell" rating to a "hold" rating in a report on Thursday, May 15th.

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

The company has a market capitalization of $1.50 billion, a PE ratio of 7.48 and a beta of 0.87. The stock's fifty day simple moving average is $38.55 and its 200-day simple moving average is $37.51. The company has a debt-to-equity ratio of 2.73, a quick ratio of 1.77 and a current ratio of 1.77.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The bank reported $1.40 earnings per share for the quarter. 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 $77.95 million during the quarter. As a group, equities analysts predict 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 announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Friday, May 16th were paid a $0.625 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.50 annualized dividend and a yield of 6.11%. Banco Latinoamericano de Comercio Exterior, S. A.'s payout ratio is currently 44.64%.

Institutional Trading of Banco Latinoamericano de Comercio Exterior, S. A.

A number of hedge funds have recently added to or reduced their stakes in BLX. Motley Fool Wealth Management LLC acquired a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. during the 4th quarter valued at about $1,603,000. Sterling Capital Management LLC boosted its position 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 acquiring an additional 779 shares during the last quarter. Longboard Asset Management LP purchased a new stake in Banco Latinoamericano de Comercio Exterior, S. A. in the fourth quarter valued at approximately $202,000. Hillsdale Investment Management Inc. grew its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 0.7% in the fourth quarter. Hillsdale Investment Management Inc. now owns 124,864 shares of the bank's stock valued at $4,441,000 after purchasing an additional 900 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in Banco Latinoamericano de Comercio Exterior, S. A. during the fourth quarter worth approximately $74,000. 19.47% of the stock is owned by institutional investors and hedge funds.

Banco Latinoamericano de Comercio Exterior, S. A. 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.