Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Share Price Crosses Above 200 Day Moving Average of $14.30

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLXGet Rating)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $14.30 and traded as high as $16.23. Banco Latinoamericano de Comercio Exterior, S. A. shares last traded at $16.17, with a volume of 47,169 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Banco Latinoamericano de Comercio Exterior, S. A. in a research note on Wednesday, October 12th. They issued a “hold” rating for the company.

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

The business has a 50 day moving average of $14.83 and a 200 day moving average of $14.30. The company has a market capitalization of $585.86 million, a P/E ratio of 7.28 and a beta of 1.21. The company has a quick ratio of 0.99, a current ratio of 2.28 and a debt-to-equity ratio of 3.92.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Monday, November 14th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, November 10th. This represents a $1.00 dividend on an annualized basis and a yield of 6.18%. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio (DPR) is presently 45.05%.

Institutional Investors Weigh In On Banco Latinoamericano de Comercio Exterior, S. A.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Beddow Capital Management Inc. raised its holdings in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 2.0% in the first quarter. Beddow Capital Management Inc. now owns 444,961 shares of the bank’s stock worth $6,932,000 after buying an additional 8,750 shares during the period. Thomas White International Ltd. raised its holdings in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 0.3% in the first quarter. Thomas White International Ltd. now owns 353,718 shares of the bank’s stock worth $5,510,000 after buying an additional 1,021 shares during the period. Amalgamated Bank purchased a new stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the first quarter worth approximately $58,000. Finally, Uniplan Investment Counsel Inc. bought a new position in Banco Latinoamericano de Comercio Exterior, S. A. in the third quarter worth approximately $1,630,000. 6.97% of the stock is currently owned by hedge funds and other institutional investors.

About Banco Latinoamericano de Comercio Exterior, S. A.

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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 offers short and medium-term bilateral loans, structured and syndicated credits, and loan commitments; financial guarantee contracts, such as issued and confirmed letters of credit, and stand-by letters of credit; and guarantees covering commercial risk and other assets, as well as co-financing arrangements, underwriting of syndicated credit facilities, structured trade financing in the form of factoring and vendor financing, and financial leasing.

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