Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $42.96 and traded as high as $44.75. Banco Latinoamericano de Comercio Exterior shares last traded at $44.51, with a volume of 208,656 shares trading hands.

Wall Street Analyst Weigh In

BLX has been the subject of several research reports. Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Latinoamericano de Comercio Exterior in a research note on Wednesday, October 8th. Wall Street Zen raised Banco Latinoamericano de Comercio Exterior from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Banco Latinoamericano de Comercio Exterior Price Performance

The business has a 50 day moving average of $45.67 and a 200 day moving average of $42.96. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 7.41 and a beta of 0.90.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last posted its earnings results on Tuesday, October 28th. The bank reported $1.48 earnings per share for the quarter. The firm had revenue of $82.78 million for the quarter. Banco Latinoamericano de Comercio Exterior had a return on equity of 16.18% and a net margin of 26.58%. As a group, equities analysts predict that Banco Latinoamericano de Comercio Exterior, S.A. will post 4.6 EPS for the current year.

Banco Latinoamericano de Comercio Exterior Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Monday, November 10th will be issued a dividend of $0.625 per share. The ex-dividend date is Monday, November 10th. This represents a $2.50 annualized dividend and a yield of 5.6%. Banco Latinoamericano de Comercio Exterior’s payout ratio is currently 41.60%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LSV Asset Management lifted its holdings in Banco Latinoamericano de Comercio Exterior 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 acquiring an additional 27,285 shares in the last quarter. Ramirez Asset Management Inc. lifted its holdings in shares of Banco Latinoamericano de Comercio Exterior by 20.3% in the second quarter. Ramirez Asset Management Inc. now owns 35,718 shares of the bank’s stock valued at $1,439,000 after purchasing an additional 6,020 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of Banco Latinoamericano de Comercio Exterior by 36.8% in the first quarter. SBI Securities Co. Ltd. now owns 2,859 shares of the bank’s stock valued at $105,000 after purchasing an additional 769 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of 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 purchasing an additional 4,843 shares in the last quarter. Finally, PNC Financial Services Group Inc. bought a new stake in shares of Banco Latinoamericano de Comercio Exterior in the second quarter valued at about $25,000. 19.47% of the stock is currently owned by institutional investors.

Banco Latinoamericano de Comercio Exterior 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.