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 passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 trading hands.

Analysts Set New Price Targets

Separately, StockNews.com downgraded 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. Price Performance

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 company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 6.27 and a beta of 1.19. The stock’s 50-day simple moving average is $29.12 and its two-hundred day simple moving average is $26.01.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last released its quarterly earnings results on Thursday, February 22nd. The bank reported $1.27 earnings per share for the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a net margin of 23.34% and a return on equity of 15.51%. 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 earnings per share for the current year.

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

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

Institutional Trading of Banco Latinoamericano de Comercio Exterior, S. A.

Several large investors have recently made changes to their positions in BLX. LSV Asset Management raised its stake in 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 purchasing an additional 9,038 shares during the last quarter. Los Angeles Capital Management LLC raised its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 21.2% in the fourth quarter. Los Angeles Capital Management LLC now owns 55,805 shares of the bank’s stock valued at $1,381,000 after buying an additional 9,771 shares during the last quarter. Ramirez Asset Management Inc. purchased a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the third quarter worth about $630,000. Finally, Diversified Trust Co acquired a new position in Banco Latinoamericano de Comercio Exterior, S. A. during the third quarter worth about $488,000. 19.47% of the stock is currently owned by hedge funds and other institutional investors.

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.