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 crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $43.82 and traded as high as $44.95. Banco Latinoamericano de Comercio Exterior shares last traded at $44.8180, with a volume of 114,418 shares.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BLX. Weiss Ratings restated a “buy (a-)” rating on shares of Banco Latinoamericano de Comercio Exterior in a report on Monday, December 1st. Wall Street Zen downgraded Banco Latinoamericano de Comercio Exterior from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Strong Buy”.

Banco Latinoamericano de Comercio Exterior Stock Up 0.4%

The stock has a 50-day moving average of $44.65 and a 200 day moving average of $43.82. The company has a market capitalization of $1.67 billion, a PE ratio of 7.46 and a beta of 0.84.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last posted its quarterly earnings data on Thursday, October 30th. The bank reported $1.48 earnings per share for the quarter. The business had revenue of $82.78 million for the quarter. Banco Latinoamericano de Comercio Exterior had a return on equity of 15.42% and a net margin of 26.58%. Equities analysts forecast that Banco Latinoamericano de Comercio Exterior, S.A. will post 4.6 EPS for the current fiscal year.

Banco Latinoamericano de Comercio Exterior Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Monday, November 10th were issued a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend was Monday, November 10th. Banco Latinoamericano de Comercio Exterior’s payout ratio is 41.60%.

Institutional Trading of Banco Latinoamericano de Comercio Exterior

Hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. bought a new position in shares of Banco Latinoamericano de Comercio Exterior during the 2nd quarter valued at approximately $25,000. SBI Securities Co. Ltd. raised its holdings in shares of Banco Latinoamericano de Comercio Exterior by 21.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 3,485 shares of the bank’s stock worth $140,000 after purchasing an additional 626 shares during the period. EMC Capital Management purchased a new position in Banco Latinoamericano de Comercio Exterior in the second quarter valued at approximately $273,000. Ramirez Asset Management Inc. grew 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 valued at $1,439,000 after purchasing an additional 6,020 shares during the period. Finally, Rhumbline Advisers increased its position in Banco Latinoamericano de Comercio Exterior by 11.5% in the second quarter. Rhumbline Advisers now owns 46,968 shares of the bank’s stock worth $1,893,000 after buying an additional 4,843 shares during the last quarter. Institutional investors own 19.47% of the company’s stock.

About Banco Latinoamericano de Comercio Exterior

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.