Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Stock Passes Above 200-Day Moving Average – Here’s Why

Shares of Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $51.85 and traded as high as $57.76. Banco Latinoamericano de Comercio Exterior shares last traded at $56.8490, with a volume of 151,476 shares traded.

Analysts Set New Price Targets

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

Banco Latinoamericano de Comercio Exterior Stock Up 1.1%

The firm has a market cap of $2.19 billion, a P/E ratio of 9.76 and a beta of 0.79. The firm’s 50-day moving average price is $57.17 and its 200 day moving average price is $52.00. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.52 and a quick ratio of 1.52.

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

Banco Latinoamericano de Comercio Exterior Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Friday, May 8th were given a dividend of $0.6875 per share. This represents a $2.75 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Friday, May 8th. Banco Latinoamericano de Comercio Exterior’s dividend payout ratio is currently 45.68%.

Hedge Funds Weigh In On Banco Latinoamericano de Comercio Exterior

A number of hedge funds have recently added to or reduced their stakes in the business. Diversified Trust Co. bought a new stake in Banco Latinoamericano de Comercio Exterior during the fourth quarter valued at $200,000. Diversified Trust Co lifted its position 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 worth $374,000 after buying an additional 2,827 shares during the last quarter. Finally, LSV Asset Management boosted its holdings 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. Institutional investors and hedge funds 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.