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

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $48.51 and traded as high as $56.64. Banco Latinoamericano de Comercio Exterior shares last traded at $56.44, with a volume of 222,191 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Banco Latinoamericano de Comercio Exterior from a “buy (a)” rating to a “buy (a-)” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

Banco Latinoamericano de Comercio Exterior Trading Up 2.2%

The firm has a 50 day simple moving average of $52.83 and a 200 day simple moving average of $48.51. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.52 and a current ratio of 1.52. The firm has a market cap of $2.10 billion, a P/E ratio of 9.38 and a beta of 0.81.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last issued its earnings results on Tuesday, April 28th. The bank reported $1.31 EPS for the quarter. Banco Latinoamericano de Comercio Exterior had a return on equity of 14.36% and a net margin of 27.77%.The business had revenue of $83.10 million during the quarter.

Banco Latinoamericano de Comercio Exterior Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Friday, May 8th will be paid a $0.6875 dividend. The ex-dividend date is Friday, May 8th. This represents a $2.75 annualized dividend and a yield of 4.9%. Banco Latinoamericano de Comercio Exterior’s dividend payout ratio (DPR) is currently 45.68%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Diversified Trust Co boosted its stake in Banco Latinoamericano de Comercio Exterior by 63.0% in the 1st quarter. Diversified Trust Co now owns 7,316 shares of the bank’s stock worth $374,000 after purchasing an additional 2,827 shares during the period. LSV Asset Management boosted its stake in Banco Latinoamericano de Comercio Exterior by 1.3% in the 4th quarter. LSV Asset Management now owns 1,163,826 shares of the bank’s stock worth $51,907,000 after purchasing an additional 15,291 shares during the period. Diversified Trust Co. bought a new position in Banco Latinoamericano de Comercio Exterior in the 4th quarter worth about $200,000. Ramirez Asset Management Inc. boosted its stake in Banco Latinoamericano de Comercio Exterior by 12.0% in the 3rd quarter. Ramirez Asset Management Inc. now owns 39,988 shares of the bank’s stock worth $1,838,000 after purchasing an additional 4,270 shares during the period. Finally, Hillsdale Investment Management Inc. boosted its position in shares of Banco Latinoamericano de Comercio Exterior by 4.8% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 122,864 shares of the bank’s stock valued at $5,648,000 after acquiring an additional 5,600 shares during the last quarter. Institutional investors own 19.47% of the company’s stock.

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.