Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Stock Crosses Above 200 Day Moving Average – Here’s Why

Shares of Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $42.65 and traded as high as $46.14. Banco Latinoamericano de Comercio Exterior shares last traded at $45.30, with a volume of 75,080 shares.

Analyst Ratings Changes

A number of research analysts have recently commented on BLX shares. Wall Street Zen raised shares of Banco Latinoamericano de Comercio Exterior from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Latinoamericano de Comercio Exterior in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Banco Latinoamericano de Comercio Exterior has an average rating of “Buy”.

Banco Latinoamericano de Comercio Exterior Stock Performance

The business’s fifty day moving average is $45.96 and its 200-day moving average is $42.65. The firm has a market cap of $1.69 billion, a P/E ratio of 7.59 and a beta of 0.89.

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

Banco Latinoamericano de Comercio Exterior Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Friday, August 15th were issued a dividend of $0.625 per share. The ex-dividend date was Friday, August 15th. This represents a $2.50 annualized dividend and a yield of 5.5%. Banco Latinoamericano de Comercio Exterior’s dividend payout ratio (DPR) is presently 41.88%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers raised its holdings in Banco Latinoamericano de Comercio Exterior by 11.5% during the 2nd quarter. Rhumbline Advisers now owns 46,968 shares of the bank’s stock worth $1,893,000 after purchasing an additional 4,843 shares during the last quarter. EMC Capital Management bought a new position in Banco Latinoamericano de Comercio Exterior during the 2nd quarter worth approximately $273,000. LSV Asset Management raised its holdings in Banco Latinoamericano de Comercio Exterior by 2.4% during the 2nd 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. bought a new position in Banco Latinoamericano de Comercio Exterior during the 2nd quarter worth approximately $25,000. Finally, SBI Securities Co. Ltd. raised its holdings in Banco Latinoamericano de Comercio Exterior by 21.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 3,485 shares of the bank’s stock worth $140,000 after purchasing an additional 626 shares during the last quarter. Institutional investors own 19.47% of the company’s stock.

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.