Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Stock Passes Above Two Hundred Day Moving Average - Here's Why

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 Monday . The stock has a 200-day moving average of $37.72 and traded as high as $41.65. Banco Latinoamericano de Comercio Exterior, S. A. shares last traded at $41.40, with a volume of 91,075 shares.

Analyst Ratings Changes

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

Banco Latinoamericano de Comercio Exterior, S. A. Stock Down 0.2%

The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 7.56 and a beta of 0.88. 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 stock has a 50 day moving average price of $38.81 and a 200 day moving average price of $37.72.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report) last posted 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 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%. As a group, analysts forecast that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 EPS for the current year.

Banco Latinoamericano de Comercio Exterior, S. A. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Friday, May 16th were paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 6.05%. The ex-dividend date was Friday, May 16th. Banco Latinoamericano de Comercio Exterior, S. A.'s dividend payout ratio is currently 44.64%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BLX. Motley Fool Wealth Management LLC acquired a new stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. during the fourth quarter worth $1,603,000. Sterling Capital Management LLC boosted its position in 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 valued at $516,000 after acquiring an additional 779 shares during the last quarter. 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 during the period. SBI Securities Co. Ltd. bought a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the 4th quarter worth about $74,000. Finally, LSV Asset Management raised its position 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 worth $43,388,000 after acquiring an additional 27,285 shares in the last quarter. Institutional investors own 19.47% of the company's stock.

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.