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

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report)'s stock price passed 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 changing hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised 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 Performance

The company has a debt-to-equity ratio of 2.73, a quick ratio of 1.77 and a current ratio of 1.77. The firm's 50-day moving average price is $39.26 and its two-hundred day moving average price is $37.82. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 7.61 and a beta of 0.88.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The bank reported $1.40 earnings per share (EPS) 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%. The business had revenue of $77.95 million during the quarter. On average, 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. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Friday, May 16th were paid a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 6.01%. The ex-dividend date of this dividend was Friday, May 16th. 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.

Several institutional investors and hedge funds have recently bought and sold shares of BLX. Motley Fool Wealth Management LLC acquired a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the 4th quarter worth approximately $1,603,000. LSV Asset Management boosted its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 2.4% during the first quarter. LSV Asset Management now owns 1,185,460 shares of the bank's stock worth $43,388,000 after buying an additional 27,285 shares during the period. GAMMA Investing LLC grew its stake 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 buying an additional 25,830 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the 4th quarter valued at $74,000. Finally, Hillsdale Investment Management Inc. lifted its stake 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. 19.47% of the stock is currently owned by hedge funds and other institutional investors.

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.