Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Stock Price Passes Above 200-Day Moving Average of $27.19

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLXGet Free Report)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $27.19 and traded as high as $29.18. Banco Latinoamericano de Comercio Exterior, S. A. shares last traded at $29.10, with a volume of 73,425 shares trading hands.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Report on BLX

Banco Latinoamericano de Comercio Exterior, S. A. Stock Down 0.1 %

The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 3.18. The stock’s 50-day moving average price is $29.84 and its 200-day moving average price is $27.19. The company has a market cap of $1.06 billion, a P/E ratio of 5.89 and a beta of 1.19.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLXGet Free Report) last posted its quarterly earnings results on Thursday, April 18th. The bank reported $1.40 earnings per share for the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a return on equity of 15.26% and a net margin of 23.58%. The business had revenue of $72.60 million for the quarter. As a group, research analysts forecast 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Monday, April 29th were issued a dividend of $0.50 per share. This is an increase from Banco Latinoamericano de Comercio Exterior, S. A.’s previous quarterly dividend of $0.39. The ex-dividend date was Friday, April 26th. This represents a $2.00 annualized dividend and a yield of 6.87%. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio is presently 40.49%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Ramirez Asset Management Inc. purchased a new position in Banco Latinoamericano de Comercio Exterior, S. A. during the 3rd quarter worth $630,000. Diversified Trust Co purchased a new position in Banco Latinoamericano de Comercio Exterior, S. A. during the third quarter worth about $488,000. Los Angeles Capital Management LLC boosted its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 21.2% during the fourth quarter. Los Angeles Capital Management LLC now owns 55,805 shares of the bank’s stock worth $1,381,000 after purchasing an additional 9,771 shares during the last quarter. LSV Asset Management grew its position 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 worth $28,510,000 after purchasing an additional 9,038 shares in the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new stake in Banco Latinoamericano de Comercio Exterior, S. A. in the 1st quarter valued at about $3,002,000. Institutional investors own 19.47% of the company’s stock.

Banco Latinoamericano de Comercio Exterior, S. A. Company Profile

(Get Free Report)

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.

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