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 share price passed 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 changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on BLX shares. 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. Weiss Ratings downgraded shares of Banco Latinoamericano de Comercio Exterior from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, January 12th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Banco Latinoamericano de Comercio Exterior presently has a consensus rating of “Buy”.

Banco Latinoamericano de Comercio Exterior Stock Down 1.5%

The company has a market cap of $1.74 billion, a price-to-earnings ratio of 7.78 and a beta of 0.84. The company has a fifty 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 released its quarterly earnings data on Thursday, October 30th. The bank reported $1.48 EPS for the quarter. The business had revenue of $82.78 million for the quarter. Banco Latinoamericano de Comercio Exterior had a net margin of 26.58% and a return on equity of 15.42%. On average, research analysts predict that Banco Latinoamericano de Comercio Exterior, S.A. will post 4.6 EPS for the current year.

Banco Latinoamericano de Comercio Exterior Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. LSV Asset Management lifted its stake in Banco Latinoamericano de Comercio Exterior by 2.4% in the 2nd quarter. LSV Asset Management now owns 1,213,835 shares of the bank’s stock valued at $48,918,000 after buying an additional 28,375 shares in the last quarter. EMC Capital Management acquired a new position in shares of Banco Latinoamericano de Comercio Exterior in the second quarter worth $273,000. Ramirez Asset Management Inc. lifted its position 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 acquiring an additional 6,020 shares in the last quarter. Hillsdale Investment Management Inc. lifted its position in shares of Banco Latinoamericano de Comercio Exterior by 4.8% in the third quarter. Hillsdale Investment Management Inc. now owns 122,864 shares of the bank’s stock valued at $5,648,000 after acquiring an additional 5,600 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Banco Latinoamericano de Comercio Exterior by 11.5% during the second quarter. Rhumbline Advisers now owns 46,968 shares of the bank’s stock valued at $1,893,000 after acquiring an additional 4,843 shares during the last quarter. 19.47% of the stock is currently owned by institutional investors and hedge funds.

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.