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

Key Points

• BLX shares moved above their 200-day moving average, reaching $55.20 before last trading at $54.50; the 200-day average was $54.79.
• Weiss Ratings upgraded the stock to “buy (a),” while MarketBeat reported an average “Strong Buy” rating from analysts.
• The bank reported quarterly EPS of $1.77 and revenue of $98.90 million, and paid a quarterly dividend of $0.6875, equivalent to a 5.0% annualized yield.

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $54.79 and traded as high as $55.20. Banco Latinoamericano de Comercio Exterior shares last traded at $54.50, with a volume of 115,733 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Banco Latinoamericano de Comercio Exterior from a "buy (a-)" rating to a "buy (a)" rating in a research note on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock has an average rating of "Strong Buy".

Banco Latinoamericano de Comercio Exterior Trading Down 0.5%

The firm's 50 day moving average price is $57.95 and its 200-day moving average price is $54.79. The stock has a market cap of $2.03 billion, a P/E ratio of 8.99 and a beta of 0.80. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.49 and a quick ratio of 1.49.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The bank reported $1.77 EPS for the quarter. The firm had revenue of $98.90 million for the quarter. Banco Latinoamericano de Comercio Exterior had a net margin of 27.77% and a return on equity of 13.77%.

Banco Latinoamericano de Comercio Exterior Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Friday, August 7th were given a $0.6875 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $2.75 annualized dividend and a yield of 5.0%. Banco Latinoamericano de Comercio Exterior's dividend payout ratio is 45.38%.

Institutional Trading of Banco Latinoamericano de Comercio Exterior

A hedge fund recently raised its position in Banco Latinoamericano de Comercio Exterior stock. Diversified Trust Co lifted its holdings in Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX - Free Report) by 63.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,316 shares of the bank's stock after purchasing an additional 2,827 shares during the quarter. Diversified Trust Co's holdings in Banco Latinoamericano de Comercio Exterior were worth $374,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 19.47% of the stock is currently owned by institutional investors and hedge funds.

About Banco Latinoamericano de Comercio Exterior

Banco Latinoamericano de Comercio Exterior SA, commonly known as BLADEx and traded on the New York Stock Exchange under the symbol BLX, is a multilateral financial institution dedicated to promoting foreign trade and regional integration in Latin America and the Caribbean. Headquartered in Panama City, the bank provides specialized trade finance solutions to corporate clients and financial institutions, helping to facilitate cross-border transactions across key markets in the region. Its services encompass import and export financing, supply chain solutions, project and structured finance, as well as treasury and risk management products.

Established in 1977 by a consortium of 20 Latin American and Caribbean governments in partnership with the Inter-American Development Bank (IDB), BLADEx has a mandate to support economic development through trade facilitation.

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