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

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $46.14 and traded as high as $49.77. Banco Latinoamericano de Comercio Exterior shares last traded at $48.9510, with a volume of 122,006 shares changing hands.

Analyst Ratings Changes

Several brokerages have issued reports on BLX. Weiss Ratings upgraded shares of 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 lowered Banco Latinoamericano de Comercio Exterior from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Strong Buy”.

Banco Latinoamericano de Comercio Exterior Price Performance

The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 8.01 and a beta of 0.83. The company’s 50 day moving average is $48.14 and its 200 day moving average is $46.14. The company has a quick ratio of 1.02, a current ratio of 1.62 and a debt-to-equity ratio of 2.40.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last issued its quarterly earnings data on Thursday, February 12th. The bank reported $1.50 earnings per share for the quarter. The business had revenue of $88.80 million during the quarter. Banco Latinoamericano de Comercio Exterior had a net margin of 27.11% and a return on equity of 14.85%. On average, equities research analysts anticipate 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 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Wednesday, February 25th were given a $0.6875 dividend. The ex-dividend date was Wednesday, February 25th. This is a positive change from Banco Latinoamericano de Comercio Exterior’s previous quarterly dividend of $0.63. This represents a $2.75 dividend on an annualized basis and a dividend yield of 5.6%. Banco Latinoamericano de Comercio Exterior’s dividend payout ratio (DPR) is presently 45.01%.

Institutional Investors Weigh In On Banco Latinoamericano de Comercio Exterior

Large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. bought a new position in Banco Latinoamericano de Comercio Exterior during the 2nd quarter worth $25,000. SBI Securities Co. Ltd. lifted its position in shares of Banco Latinoamericano de Comercio Exterior by 7.5% during the 3rd quarter. SBI Securities Co. Ltd. now owns 3,746 shares of the bank’s stock valued at $172,000 after acquiring an additional 261 shares during the period. Diversified Trust Co. acquired a new stake in shares of Banco Latinoamericano de Comercio Exterior during the 4th quarter worth $200,000. EMC Capital Management acquired a new stake in shares of Banco Latinoamericano de Comercio Exterior during the 2nd quarter worth $273,000. Finally, Ramirez Asset Management Inc. increased its position in shares of Banco Latinoamericano de Comercio Exterior by 12.0% in the third quarter. Ramirez Asset Management Inc. now owns 39,988 shares of the bank’s stock worth $1,838,000 after purchasing an additional 4,270 shares during the period. Institutional investors and hedge funds own 19.47% of the company’s stock.

Banco Latinoamericano de Comercio Exterior Company Profile

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.