Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $43.82 and traded as high as $44.95. Banco Latinoamericano de Comercio Exterior shares last traded at $44.8180, with a volume of 114,418 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BLX. Weiss Ratings reiterated a “buy (a-)” rating on shares of Banco Latinoamericano de Comercio Exterior in a research report on Monday, December 1st. Wall Street Zen cut shares of 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, According to MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Banco Latinoamericano de Comercio Exterior Stock Up 0.4%

The stock has a market capitalization of $1.67 billion, a P/E ratio of 7.46 and a beta of 0.84. The company has a 50-day moving average price of $44.65 and a two-hundred day moving average price of $43.82.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last issued its quarterly earnings data on Thursday, October 30th. The bank reported $1.48 EPS for the quarter. The company had revenue of $82.78 million during the quarter. Banco Latinoamericano de Comercio Exterior had a net margin of 26.58% and a return on equity of 15.42%. On average, sell-side 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Monday, November 10th were given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date was Monday, November 10th. Banco Latinoamericano de Comercio Exterior’s payout ratio is 41.60%.

Institutional Investors Weigh In On Banco Latinoamericano de Comercio Exterior

Several large investors have recently added to or reduced their stakes in BLX. Ramirez Asset Management Inc. grew its position in 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 valued at $1,838,000 after acquiring an additional 4,270 shares during the last quarter. Hillsdale Investment Management Inc. boosted its stake in shares of Banco Latinoamericano de Comercio Exterior by 4.8% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 122,864 shares of the bank’s stock valued at $5,648,000 after purchasing an additional 5,600 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings 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 purchasing an additional 261 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Banco Latinoamericano de Comercio Exterior by 11.5% during the 2nd quarter. Rhumbline Advisers now owns 46,968 shares of the bank’s stock valued at $1,893,000 after purchasing an additional 4,843 shares during the last quarter. Finally, EMC Capital Management purchased a new position in Banco Latinoamericano de Comercio Exterior in the 2nd quarter worth $273,000. Institutional investors own 19.47% of the company’s stock.

About Banco Latinoamericano de Comercio Exterior

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.