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

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $37.07 and traded as high as $40.54. Banco Latinoamericano de Comercio Exterior, S. A. shares last traded at $40.38, with a volume of 107,722 shares trading hands.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of 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. Price Performance

The company has a fifty day moving average of $38.10 and a 200-day moving average of $37.25. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 2.73. The stock has a market cap of $1.50 billion, a PE ratio of 7.54 and a beta of 0.87.

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 (EPS) for the quarter. The company had revenue of $77.95 million for the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a net margin of 24.29% and a return on equity of 16.01%. Sell-side analysts expect that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 EPS for the current fiscal 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. Shareholders of record on Friday, May 16th will be paid a $0.625 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.50 annualized dividend and a dividend yield of 6.09%. Banco Latinoamericano de Comercio Exterior, S. A.'s dividend payout ratio (DPR) is 44.64%.

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

Hedge funds have recently modified their holdings of the stock. LSV Asset Management boosted its stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 2.4% in the 1st quarter. LSV Asset Management now owns 1,185,460 shares of the bank's stock valued at $43,388,000 after buying an additional 27,285 shares during the period. Hillsdale Investment Management Inc. grew its holdings 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 in the last quarter. Motley Fool Wealth Management LLC acquired a new stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the 4th quarter valued at $1,603,000. GAMMA Investing LLC lifted its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 4,087.0% during the 1st quarter. GAMMA Investing LLC now owns 26,462 shares of the bank's stock worth $969,000 after purchasing an additional 25,830 shares during the last quarter. Finally, Sterling Capital Management LLC grew its stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 5.7% during 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 in the last quarter. 19.47% of the stock is currently 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.