Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Stock Passes Above Two Hundred Day Moving Average of $27.66

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $27.66 and traded as high as $29.99. Banco Latinoamericano de Comercio Exterior, S. A. shares last traded at $29.98, with a volume of 135,624 shares changing hands.

Wall Street Analyst Weigh In

Separately, Scotiabank raised their price objective on shares of Banco Latinoamericano de Comercio Exterior, S. A. from $38.00 to $42.00 and gave the stock a “sector outperform” rating in a report on Wednesday, June 12th.

Banco Latinoamericano de Comercio Exterior, S. A. Stock Performance

The company has a debt-to-equity ratio of 3.18, a quick ratio of 1.72 and a current ratio of 1.72. The stock has a 50-day moving average of $29.68 and a 200-day moving average of $27.66. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 6.07 and a beta of 1.20.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last announced its quarterly earnings data on Thursday, April 18th. The bank reported $1.40 EPS for the quarter. The business had revenue of $72.60 million for the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a net margin of 23.58% and a return on equity of 15.26%. As a group, analysts anticipate that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 EPS for the current fiscal year.

Banco Latinoamericano de Comercio Exterior, S. A. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Monday, April 29th were issued a $0.50 dividend. This is a boost from Banco Latinoamericano de Comercio Exterior, S. A.’s previous quarterly dividend of $0.39. The ex-dividend date was Friday, April 26th. This represents a $2.00 annualized dividend and a dividend yield of 6.67%. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio (DPR) is presently 40.49%.

Institutional Investors Weigh In On Banco Latinoamericano de Comercio Exterior, S. A.

Several large investors have recently made changes to their positions in BLX. Diversified Trust Co acquired a new position in Banco Latinoamericano de Comercio Exterior, S. A. during the third quarter worth $488,000. Ramirez Asset Management Inc. acquired a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. during the 3rd quarter worth about $630,000. Los Angeles Capital Management LLC raised its holdings in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 21.2% in the 4th quarter. Los Angeles Capital Management LLC now owns 55,805 shares of the bank’s stock valued at $1,381,000 after purchasing an additional 9,771 shares during the period. Hillsdale Investment Management Inc. acquired a new stake in Banco Latinoamericano de Comercio Exterior, S. A. in the 1st quarter valued at about $3,002,000. Finally, LSV Asset Management grew its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 0.9% during the first quarter. LSV Asset Management now owns 962,524 shares of the bank’s stock worth $28,510,000 after purchasing an additional 9,038 shares during the period. Institutional investors and hedge funds own 19.47% of the company’s stock.

Banco Latinoamericano de Comercio Exterior, S. A. Company Profile

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 through two segments, Commercial and Treasury. It also 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.