Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $45.76 and traded as high as $49.99. Banco Latinoamericano de Comercio Exterior shares last traded at $49.6540, with a volume of 114,173 shares.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BLX shares. Weiss Ratings raised Banco Latinoamericano de Comercio Exterior from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, January 26th. 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 analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

Banco Latinoamericano de Comercio Exterior Stock Performance

The company has a market capitalization of $1.85 billion, a PE ratio of 8.13 and a beta of 0.83. The company has a current ratio of 1.62, a quick ratio of 1.02 and a debt-to-equity ratio of 2.40. The business’s fifty day moving average is $46.54 and its two-hundred day moving average is $45.76.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last posted its earnings results on Thursday, February 12th. The bank reported $1.50 EPS for the quarter. Banco Latinoamericano de Comercio Exterior had a return on equity of 14.85% and a net margin of 27.11%.The business had revenue of $88.80 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 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Wednesday, February 25th will be given a $0.6875 dividend. This is a positive change from Banco Latinoamericano de Comercio Exterior’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $2.75 dividend on an annualized basis and a yield of 5.5%. Banco Latinoamericano de Comercio Exterior’s payout ratio is presently 40.92%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. LSV Asset Management lifted its position in Banco Latinoamericano de Comercio Exterior by 2.4% during the second quarter. LSV Asset Management now owns 1,213,835 shares of the bank’s stock valued at $48,918,000 after purchasing an additional 28,375 shares during the period. EMC Capital Management bought a new position in shares of Banco Latinoamericano de Comercio Exterior during the 2nd quarter valued at $273,000. Hillsdale Investment Management Inc. boosted its stake in shares of Banco Latinoamericano de Comercio Exterior by 4.8% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 122,864 shares of the bank’s stock worth $5,648,000 after buying an additional 5,600 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of 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 acquiring an additional 4,843 shares during the period. Finally, Diversified Trust Co. purchased a new stake in Banco Latinoamericano de Comercio Exterior during the fourth quarter valued at $200,000. 19.47% of the stock is owned by hedge funds and other institutional investors.

About Banco Latinoamericano de Comercio Exterior

Banco Latinoamericano de Comercio Exterior SA, commonly known as BLADEx and traded on the New York Stock Exchange under the symbol BLX, is a multilateral financial institution dedicated to promoting foreign trade and regional integration in Latin America and the Caribbean. Headquartered in Panama City, the bank provides specialized trade finance solutions to corporate clients and financial institutions, helping to facilitate cross-border transactions across key markets in the region. Its services encompass import and export financing, supply chain solutions, project and structured finance, as well as treasury and risk management products.

Established in 1977 by a consortium of 20 Latin American and Caribbean governments in partnership with the Inter-American Development Bank (IDB), BLADEx has a mandate to support economic development through trade facilitation.