Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Shares Cross Above 200 Day Moving Average – What’s Next?

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $45.76 and traded as high as $49.99. Banco Latinoamericano de Comercio Exterior shares last traded at $49.6540, with a volume of 114,173 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. 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 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. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Strong Buy”.

Banco Latinoamericano de Comercio Exterior Stock Up 0.7%

The company has a quick ratio of 1.02, a current ratio of 1.62 and a debt-to-equity ratio of 2.40. The company has a market capitalization of $1.85 billion, a PE ratio of 8.13 and a beta of 0.83. The company’s 50 day moving average is $46.54 and its two-hundred day moving average is $45.76.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last released its quarterly earnings data on Thursday, February 12th. The bank reported $1.50 EPS 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, analysts anticipate that Banco Latinoamericano de Comercio Exterior, S.A. will post 4.6 earnings per share for the current year.

Banco Latinoamericano de Comercio Exterior Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Wednesday, February 25th will be paid a dividend of $0.6875 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This is a boost 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 yield of 5.5%. Banco Latinoamericano de Comercio Exterior’s dividend payout ratio is currently 40.92%.

Institutional Trading of Banco Latinoamericano de Comercio Exterior

Several hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. bought a new position in shares of Banco Latinoamericano de Comercio Exterior during the 2nd quarter valued at approximately $25,000. SBI Securities Co. Ltd. raised its stake in Banco Latinoamericano de Comercio Exterior by 21.9% during the second quarter. SBI Securities Co. Ltd. now owns 3,485 shares of the bank’s stock valued at $140,000 after purchasing an additional 626 shares in the last quarter. Diversified Trust Co. bought a new position in Banco Latinoamericano de Comercio Exterior during the fourth quarter valued at $200,000. EMC Capital Management purchased a new position in shares of Banco Latinoamericano de Comercio Exterior in the 2nd quarter worth $273,000. Finally, Ramirez Asset Management Inc. increased its holdings in shares of Banco Latinoamericano de Comercio Exterior by 12.0% in the 3rd quarter. Ramirez Asset Management Inc. now owns 39,988 shares of the bank’s stock worth $1,838,000 after buying an additional 4,270 shares during the last quarter. 19.47% of the stock is owned by hedge funds and other institutional investors.

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.