Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Stock Price Passes Above Two Hundred 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 Monday . The stock has a 200-day moving average of $35.16 and traded as high as $38.87. Banco Latinoamericano de Comercio Exterior, S. A. shares last traded at $38.17, with a volume of 144,291 shares trading hands.

Banco Latinoamericano de Comercio Exterior, S. A. Stock Down 0.1 %

The company has a debt-to-equity ratio of 2.73, a quick ratio of 1.77 and a current ratio of 1.77. The business has a 50 day simple moving average of $38.30 and a 200-day simple moving average of $35.21. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 6.98 and a beta of 1.13.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last released its quarterly earnings data on Thursday, February 27th. The bank reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.33. The firm had revenue of $78.40 million during the quarter, compared to analysts’ expectations of $54.84 million. Banco Latinoamericano de Comercio Exterior, S. A. had a net margin of 24.29% and a return on equity of 16.01%. On average, equities analysts expect that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 EPS for the current year.

Banco Latinoamericano de Comercio Exterior, S. A. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Monday, March 10th will be given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 6.55%. The ex-dividend date of this dividend is Monday, March 10th. This is a positive change from Banco Latinoamericano de Comercio Exterior, S. A.’s previous quarterly dividend of $0.50. Banco Latinoamericano de Comercio Exterior, S. A.’s payout ratio is presently 44.64%.

Institutional Investors Weigh In On Banco Latinoamericano de Comercio Exterior, S. A.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Beddow Capital Management Inc. grew its holdings in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 1.9% during the 3rd quarter. Beddow Capital Management Inc. now owns 391,161 shares of the bank’s stock worth $12,709,000 after purchasing an additional 7,423 shares during the period. Longboard Asset Management LP purchased a new position in Banco Latinoamericano de Comercio Exterior, S. A. during the fourth quarter worth about $202,000. SBI Securities Co. Ltd. acquired a new stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. during the fourth quarter valued at about $74,000. Sterling Capital Management LLC raised its stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 5.7% in the 4th quarter. Sterling Capital Management LLC now owns 14,497 shares of the bank’s stock valued at $516,000 after acquiring an additional 779 shares during the period. Finally, Motley Fool Wealth Management LLC acquired a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the 4th quarter worth approximately $1,603,000. Institutional investors and hedge funds own 19.47% of the company’s stock.

Banco Latinoamericano de Comercio Exterior, S. A. Company Profile

Banco Latinoamericano de Comercio Exterior, S. A., a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. The company operates in two segments, Commercial and Treasury. It offers bilateral loans; structured loans including syndicated and clubbed, such as acquisition and pre-export financing, A/B loan financing, bridge loans, and liability management; and project financing.