Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $52.87 and traded as high as $59.50. Banco Latinoamericano de Comercio Exterior shares last traded at $59.4240, with a volume of 112,718 shares trading hands.

Wall Street Analysts Forecast Growth

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

Banco Latinoamericano de Comercio Exterior Stock Performance

The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 9.87 and a beta of 0.79. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 2.40. The stock’s fifty day simple moving average is $58.02 and its 200-day simple moving average is $52.87.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last issued its quarterly earnings results on Tuesday, April 28th. The bank reported $1.31 EPS for the quarter. The company 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Friday, May 8th were paid a $0.6875 dividend. This represents a $2.75 annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Friday, May 8th. Banco Latinoamericano de Comercio Exterior’s dividend payout ratio (DPR) is presently 45.68%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BLX. Diversified Trust Co. acquired a new stake in Banco Latinoamericano de Comercio Exterior in the 4th quarter valued at about $200,000. Diversified Trust Co boosted its stake in shares of Banco Latinoamericano de Comercio Exterior by 63.0% in the 1st quarter. Diversified Trust Co now owns 7,316 shares of the bank’s stock valued at $374,000 after buying an additional 2,827 shares during the period. Finally, LSV Asset Management boosted its stake in shares of Banco Latinoamericano de Comercio Exterior by 1.3% in the 4th quarter. LSV Asset Management now owns 1,163,826 shares of the bank’s stock valued at $51,907,000 after buying an additional 15,291 shares during the period. 19.47% of the stock is owned by institutional investors and hedge funds.

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.