Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $44.54 and traded as high as $47.39. Banco Latinoamericano de Comercio Exterior shares last traded at $46.7310, with a volume of 127,058 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wall Street Zen downgraded Banco Latinoamericano de Comercio Exterior from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Weiss Ratings downgraded shares of Banco Latinoamericano de Comercio Exterior from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, January 12th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy”.

Banco Latinoamericano de Comercio Exterior Trading Down 1.5%

The company has a market capitalization of $1.74 billion, a PE ratio of 7.78 and a beta of 0.84. The firm has a 50 day simple moving average of $44.53 and a two-hundred day simple moving average of $44.54.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last issued its quarterly earnings results on Thursday, October 30th. The bank reported $1.48 earnings per share for the quarter. Banco Latinoamericano de Comercio Exterior had a return on equity of 15.42% and a net margin of 26.58%.The firm had revenue of $82.78 million during the quarter. Research analysts expect 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Monday, November 10th were issued a $0.625 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $2.50 annualized dividend and a dividend yield of 5.3%. Banco Latinoamericano de Comercio Exterior’s payout ratio is presently 41.60%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. LSV Asset Management increased its position in Banco Latinoamericano de Comercio Exterior by 2.4% during the 2nd quarter. LSV Asset Management now owns 1,213,835 shares of the bank’s stock worth $48,918,000 after purchasing an additional 28,375 shares during the period. EMC Capital Management acquired a new stake in shares of Banco Latinoamericano de Comercio Exterior in the 2nd quarter valued at approximately $273,000. Ramirez Asset Management Inc. boosted its stake in shares of Banco Latinoamericano de Comercio Exterior by 20.3% in the second quarter. Ramirez Asset Management Inc. now owns 35,718 shares of the bank’s stock valued at $1,439,000 after buying an additional 6,020 shares in the last quarter. Hillsdale Investment Management Inc. grew its holdings in 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 acquiring an additional 5,600 shares during the period. Finally, Rhumbline Advisers grew its holdings in 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 acquiring an additional 4,843 shares during the period. 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.