Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Stock Passes Above Two Hundred Day Moving Average of $26.01

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $26.01 and traded as high as $31.26. Banco Latinoamericano de Comercio Exterior, S. A. shares last traded at $30.95, with a volume of 151,202 shares.

Analyst Ratings Changes

Separately, StockNews.com cut Banco Latinoamericano de Comercio Exterior, S. A. from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th.

Banco Latinoamericano de Comercio Exterior, S. A. Stock Performance

The company has a 50-day moving average of $29.12 and a 200 day moving average of $26.01. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 3.62. The firm has a market capitalization of $1.12 billion, a PE ratio of 6.27 and a beta of 1.19.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last posted its quarterly earnings data on Thursday, February 22nd. The bank reported $1.27 earnings per share (EPS) for the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a return on equity of 15.51% and a net margin of 23.34%. The firm had revenue of $77.79 million during the quarter. Equities research analysts predict that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 EPS for the current year.

Banco Latinoamericano de Comercio Exterior, S. A. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Monday, April 29th will be issued a $0.50 dividend. This is a boost from Banco Latinoamericano de Comercio Exterior, S. A.’s previous quarterly dividend of $0.39. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.46%. The ex-dividend date is Friday, April 26th. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio is presently 40.49%.

Hedge Funds Weigh In On Banco Latinoamericano de Comercio Exterior, S. A.

A number of hedge funds and other institutional investors have recently modified their holdings of BLX. Diversified Trust Co purchased a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the 3rd quarter worth about $488,000. Ramirez Asset Management Inc. purchased a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the 3rd quarter worth about $630,000. Los Angeles Capital Management LLC purchased a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the 3rd quarter worth about $976,000. Finally, LSV Asset Management lifted its stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 0.9% in the 1st quarter. LSV Asset Management now owns 962,524 shares of the bank’s stock valued at $28,510,000 after acquiring an additional 9,038 shares during the last quarter. 19.47% of the stock is currently owned by hedge funds and other institutional investors.

About Banco Latinoamericano de Comercio Exterior, S. A.

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 through two segments, Commercial and Treasury. It also 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.