Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Stock Passes Above 200-Day Moving Average – Should You Sell?

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $42.10 and traded as high as $45.14. Banco Latinoamericano de Comercio Exterior shares last traded at $44.76, with a volume of 129,614 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Wall Street Zen raised Banco Latinoamericano de Comercio Exterior from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Banco Latinoamericano de Comercio Exterior in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Banco Latinoamericano de Comercio Exterior Trading Down 0.2%

The stock has a 50 day moving average of $46.00 and a 200-day moving average of $42.10. The stock has a market capitalization of $1.67 billion, a P/E ratio of 7.50 and a beta of 0.89.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last announced its quarterly earnings results on Monday, August 4th. The bank reported $1.73 earnings per share (EPS) for the quarter. The business had revenue of $90.04 million for the quarter. Banco Latinoamericano de Comercio Exterior had a return on equity of 16.23% and a net margin of 26.32%. Research analysts anticipate that Banco Latinoamericano de Comercio Exterior, S.A. will post 4.6 EPS for the current year.

Banco Latinoamericano de Comercio Exterior Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Friday, August 15th were paid a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 5.6%. The ex-dividend date was Friday, August 15th. Banco Latinoamericano de Comercio Exterior’s payout ratio is currently 41.88%.

Institutional Investors Weigh In On Banco Latinoamericano de Comercio Exterior

A number of large investors have recently made changes to their positions in the stock. Rhumbline Advisers lifted its holdings in Banco Latinoamericano de Comercio Exterior by 11.5% in the second quarter. Rhumbline Advisers now owns 46,968 shares of the bank’s stock valued at $1,893,000 after acquiring an additional 4,843 shares during the last quarter. EMC Capital Management purchased a new position in Banco Latinoamericano de Comercio Exterior in the second quarter valued at $273,000. LSV Asset Management grew its holdings in shares of Banco Latinoamericano de Comercio Exterior by 2.4% during the second quarter. LSV Asset Management now owns 1,213,835 shares of the bank’s stock worth $48,918,000 after purchasing an additional 28,375 shares during the last quarter. PNC Financial Services Group Inc. purchased a new position in shares of Banco Latinoamericano de Comercio Exterior during the second quarter worth about $25,000. Finally, SBI Securities Co. Ltd. boosted its stake in shares of Banco Latinoamericano de Comercio Exterior by 21.9% during the second quarter. SBI Securities Co. Ltd. now owns 3,485 shares of the bank’s stock worth $140,000 after buying an additional 626 shares during the period. 19.47% of the stock is currently owned by hedge funds and other institutional investors.

About Banco Latinoamericano de Comercio Exterior

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.