Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Stock Passes Above 200 Day Moving Average of $30.25

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $30.25 and traded as high as $32.52. Banco Latinoamericano de Comercio Exterior, S. A. shares last traded at $32.50, with a volume of 104,599 shares.

Analyst Upgrades and Downgrades

Separately, Scotiabank increased their target price on 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. Trading Up 1.2 %

The firm has a market cap of $1.19 billion, a P/E ratio of 6.58 and a beta of 1.17. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a fifty day moving average of $30.92 and a 200-day moving average of $30.25.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last announced its quarterly earnings results on Tuesday, July 23rd. The bank reported $1.36 earnings per share (EPS) for the quarter. The business had revenue of $75.04 million for the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a return on equity of 15.91% and a net margin of 23.87%. Equities research analysts forecast that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 earnings per share for the current year.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Monday, August 5th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 6.15%. The ex-dividend date was Monday, August 5th. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio (DPR) is 40.49%.

Institutional Trading of Banco Latinoamericano de Comercio Exterior, S. A.

Several hedge funds have recently made changes to their positions in the stock. Beddow Capital Management Inc. lifted its holdings in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 1.0% in the 2nd quarter. Beddow Capital Management Inc. now owns 383,738 shares of the bank’s stock worth $11,386,000 after purchasing an additional 3,771 shares during the last quarter. Sagil Capital LLP increased its position in Banco Latinoamericano de Comercio Exterior, S. A. by 72.8% in the 2nd quarter. Sagil Capital LLP now owns 189,118 shares of the bank’s stock valued at $5,611,000 after acquiring an additional 79,701 shares during the period. Meeder Asset Management Inc. increased its position in Banco Latinoamericano de Comercio Exterior, S. A. by 77.8% in the 2nd quarter. Meeder Asset Management Inc. now owns 969 shares of the bank’s stock valued at $29,000 after acquiring an additional 424 shares during the period. LSV Asset Management increased its position in Banco Latinoamericano de Comercio Exterior, S. A. by 18.8% in the 2nd quarter. LSV Asset Management now owns 1,143,824 shares of the bank’s stock valued at $33,937,000 after acquiring an additional 181,300 shares during the period. Finally, Rhumbline Advisers increased its position in Banco Latinoamericano de Comercio Exterior, S. A. by 0.9% in the 2nd quarter. Rhumbline Advisers now owns 47,093 shares of the bank’s stock valued at $1,397,000 after acquiring an additional 411 shares during the period. Institutional investors own 19.47% of the company’s stock.

About Banco Latinoamericano de Comercio Exterior, S. A.

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 in two segments, Commercial and Treasury. It 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.