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

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 $49.09 and traded as high as $56.65. Banco Latinoamericano de Comercio Exterior shares last traded at $55.6430, with a volume of 213,477 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Banco Latinoamericano de Comercio Exterior from a “buy (a)” rating to a “buy (a-)” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Banco Latinoamericano de Comercio Exterior Price Performance

The firm’s 50-day moving average price is $53.85 and its two-hundred day moving average price is $49.09. The stock has a market cap of $2.07 billion, a PE ratio of 9.24 and a beta of 0.81. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 2.40.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last announced its quarterly earnings results on Tuesday, April 28th. The bank reported $1.31 earnings per share for the quarter. The firm had revenue of $83.10 million during the quarter. Banco Latinoamericano de Comercio Exterior had a net margin of 27.77% and a return on equity of 14.36%.

Banco Latinoamericano de Comercio Exterior Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Friday, May 8th were paid a dividend of $0.6875 per share. This represents a $2.75 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Friday, May 8th. Banco Latinoamericano de Comercio Exterior’s payout ratio is 45.68%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. SBI Securities Co. Ltd. raised its stake 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 worth $172,000 after acquiring an additional 261 shares in the last quarter. Diversified Trust Co raised its stake in shares of Banco Latinoamericano de Comercio Exterior by 63.0% during the 1st quarter. Diversified Trust Co now owns 7,316 shares of the bank’s stock worth $374,000 after acquiring an additional 2,827 shares in the last quarter. Ramirez Asset Management Inc. raised its stake in shares of Banco Latinoamericano de Comercio Exterior by 12.0% during the 3rd quarter. Ramirez Asset Management Inc. now owns 39,988 shares of the bank’s stock worth $1,838,000 after acquiring an additional 4,270 shares in the last quarter. Diversified Trust Co. bought a new position in shares of Banco Latinoamericano de Comercio Exterior during the 4th quarter worth approximately $200,000. Finally, Hillsdale Investment Management Inc. raised its stake in shares of Banco Latinoamericano de Comercio Exterior by 4.8% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 122,864 shares of the bank’s stock worth $5,648,000 after acquiring an additional 5,600 shares in the last quarter. Institutional investors own 19.47% of the company’s stock.

Banco Latinoamericano de Comercio Exterior Company Profile

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.