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

Shares of Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $46.57 and traded as high as $53.74. Banco Latinoamericano de Comercio Exterior shares last traded at $53.2660, with a volume of 111,764 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Banco Latinoamericano de Comercio Exterior from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Banco Latinoamericano de Comercio Exterior Stock Performance

The company has a market capitalization of $1.98 billion, a P/E ratio of 8.72 and a beta of 0.82. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.62 and a quick ratio of 1.02. The stock’s 50 day simple moving average is $49.82 and its two-hundred day simple moving average is $46.57.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last announced its earnings results on Thursday, February 12th. The bank reported $1.50 earnings per share for the quarter. Banco Latinoamericano de Comercio Exterior had a net margin of 27.11% and a return on equity of 14.85%. The company had revenue of $88.80 million during the quarter. As a group, research analysts expect 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 declared a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Wednesday, February 25th were paid a dividend of $0.6875 per share. This represents a $2.75 dividend on an annualized basis and a dividend yield of 5.2%. 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 was Wednesday, February 25th. Banco Latinoamericano de Comercio Exterior’s payout ratio is presently 45.01%.

Institutional Investors Weigh In On Banco Latinoamericano de Comercio Exterior

A number of institutional investors and hedge funds have recently modified their holdings of BLX. LSV Asset Management raised its stake in shares of Banco Latinoamericano de Comercio Exterior by 1.3% during the fourth quarter. LSV Asset Management now owns 1,163,826 shares of the bank’s stock worth $51,907,000 after buying an additional 15,291 shares during the last quarter. Hillsdale Investment Management Inc. raised its stake in shares of Banco Latinoamericano de Comercio Exterior by 4.8% during the third 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 raised its stake 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 worth $1,893,000 after buying an additional 4,843 shares during the last quarter. Diversified Trust Co. bought a new stake in shares of Banco Latinoamericano de Comercio Exterior during the fourth quarter worth approximately $200,000. Finally, Ramirez Asset Management Inc. raised its stake in shares of Banco Latinoamericano de Comercio Exterior by 12.0% during the third quarter. Ramirez Asset Management Inc. now owns 39,988 shares of the bank’s stock worth $1,838,000 after buying an additional 4,270 shares during the last quarter. 19.47% of the stock is owned by 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.