Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $40.33 and traded as high as $46.36. Banco Latinoamericano de Comercio Exterior shares last traded at $46.07, with a volume of 64,083 shares traded.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Banco Latinoamericano de Comercio Exterior from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th.

Banco Latinoamericano de Comercio Exterior Price Performance

The company has a market cap of $1.72 billion, a P/E ratio of 7.72 and a beta of 0.89. The stock has a fifty day moving average price of $42.79 and a two-hundred day moving average price of $40.33.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last announced its quarterly earnings results on Monday, August 4th. The bank reported $1.73 earnings per share (EPS) for the quarter. Banco Latinoamericano de Comercio Exterior had a return on equity of 16.23% and a net margin of 26.32%.The business had revenue of $90.04 million during the quarter. Equities analysts predict that Banco Latinoamericano de Comercio Exterior, S.A. will post 4.6 earnings per share for the current fiscal year.

Banco Latinoamericano de Comercio Exterior Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Friday, August 15th will be issued a $0.625 dividend. The ex-dividend date is Friday, August 15th. This represents a $2.50 annualized dividend and a dividend yield of 5.4%. Banco Latinoamericano de Comercio Exterior’s dividend payout ratio is currently 41.88%.

Institutional Investors Weigh In On Banco Latinoamericano de Comercio Exterior

A number of institutional investors have recently added to or reduced their stakes in BLX. LSV Asset Management increased its stake in Banco Latinoamericano de Comercio Exterior by 2.4% in the 2nd quarter. LSV Asset Management now owns 1,213,835 shares of the bank’s stock valued at $48,918,000 after buying an additional 28,375 shares during the last quarter. Rhumbline Advisers increased its position in shares of Banco Latinoamericano de Comercio Exterior by 11.5% during the second quarter. Rhumbline Advisers now owns 46,968 shares of the bank’s stock valued at $1,893,000 after acquiring an additional 4,843 shares during the last quarter. Ramirez Asset Management Inc. lifted its holdings in Banco Latinoamericano de Comercio Exterior by 20.3% during the second quarter. Ramirez Asset Management Inc. now owns 35,718 shares of the bank’s stock worth $1,439,000 after acquiring an additional 6,020 shares during the period. GAMMA Investing LLC boosted its position in Banco Latinoamericano de Comercio Exterior by 4,087.0% in the first quarter. GAMMA Investing LLC now owns 26,462 shares of the bank’s stock worth $969,000 after purchasing an additional 25,830 shares during the last quarter. Finally, EMC Capital Management purchased a new position in Banco Latinoamericano de Comercio Exterior in the second quarter worth $273,000. 19.47% of the stock is owned by institutional investors.

Banco Latinoamericano de Comercio Exterior 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 in two segments, Commercial and Treasury. It 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.