Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Stock Price Passes Above 200 Day Moving Average of $20.55

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $20.55 and traded as high as $23.40. Banco Latinoamericano de Comercio Exterior, S. A. shares last traded at $23.31, with a volume of 57,636 shares.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BLX. BMO Capital Markets cut their price target on Banco Latinoamericano de Comercio Exterior, S. A. from $45.00 to $43.00 and set an “outperform” rating on the stock in a report on Tuesday, August 15th. Barclays began coverage on Banco Latinoamericano de Comercio Exterior, S. A. in a research note on Thursday, June 29th. They set an “overweight” rating and a $32.00 target price on the stock. Finally, StockNews.com began coverage on Banco Latinoamericano de Comercio Exterior, S. A. in a research note on Thursday, August 17th. They set a “hold” rating on the stock.

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

The company has a market cap of $846.85 million, a P/E ratio of 6.42 and a beta of 1.20. The firm has a 50 day moving average price of $23.35 and a 200-day moving average price of $20.55. The company has a debt-to-equity ratio of 3.59, a quick ratio of 1.84 and a current ratio of 1.84.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last released its quarterly earnings results on Thursday, July 20th. The bank reported $1.02 earnings per share (EPS) for the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a return on equity of 12.16% and a net margin of 24.18%. The company had revenue of $57.38 million during the quarter.

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

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, July 28th. This represents a $1.00 annualized dividend and a yield of 4.29%. Banco Latinoamericano de Comercio Exterior, S. A.’s payout ratio is 27.55%.

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

Several institutional investors and hedge funds have recently bought and sold shares of BLX. Thomas White International Ltd. lifted its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 0.3% during the first quarter. Thomas White International Ltd. now owns 353,718 shares of the bank’s stock worth $5,510,000 after purchasing an additional 1,021 shares in the last quarter. Rhumbline Advisers boosted its position in Banco Latinoamericano de Comercio Exterior, S. A. by 2.3% in the 1st quarter. Rhumbline Advisers now owns 42,209 shares of the bank’s stock valued at $734,000 after buying an additional 957 shares during the last quarter. Uniplan Investment Counsel Inc. boosted its position in Banco Latinoamericano de Comercio Exterior, S. A. by 13.0% in the 1st quarter. Uniplan Investment Counsel Inc. now owns 307,465 shares of the bank’s stock valued at $5,343,000 after buying an additional 35,410 shares during the last quarter. LSV Asset Management increased its stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 2.9% in the 2nd quarter. LSV Asset Management now owns 999,108 shares of the bank’s stock valued at $22,040,000 after buying an additional 27,700 shares during the period. Finally, Beddow Capital Management Inc. raised its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 1.4% during the second quarter. Beddow Capital Management Inc. now owns 424,969 shares of the bank’s stock worth $9,375,000 after acquiring an additional 5,825 shares during the last quarter. Institutional investors own 7.02% of the company’s stock.

Banco Latinoamericano de Comercio Exterior, S. A. 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 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.