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

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $42.65 and traded as high as $46.14. Banco Latinoamericano de Comercio Exterior shares last traded at $45.30, with a volume of 75,080 shares traded.

Analyst Ratings Changes

Several research firms have issued reports on BLX. Wall Street Zen raised shares of Banco Latinoamericano de Comercio Exterior from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Banco Latinoamericano de Comercio Exterior in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Banco Latinoamericano de Comercio Exterior has an average rating of “Buy”.

Banco Latinoamericano de Comercio Exterior Stock Down 1.0%

The company’s 50 day moving average is $45.96 and its 200 day moving average is $42.65. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 7.59 and a beta of 0.89.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last released its quarterly earnings results on Monday, August 4th. The bank reported $1.73 EPS for the quarter. Banco Latinoamericano de Comercio Exterior had a net margin of 26.32% and a return on equity of 16.23%. The business had revenue of $90.04 million for the quarter. On average, analysts expect that Banco Latinoamericano de Comercio Exterior, S.A. will post 4.6 EPS for the current year.

Banco Latinoamericano de Comercio Exterior Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Friday, August 15th were paid a $0.625 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.50 annualized dividend and a dividend yield of 5.5%. Banco Latinoamericano de Comercio Exterior’s dividend payout ratio is 41.88%.

Hedge Funds Weigh In On Banco Latinoamericano de Comercio Exterior

Several hedge funds and other institutional investors have recently made changes to their positions in the company. LSV Asset Management raised its position in shares of Banco Latinoamericano de Comercio Exterior by 2.4% in the 2nd quarter. LSV Asset Management now owns 1,213,835 shares of the bank’s stock valued at $48,918,000 after buying an additional 28,375 shares in the last quarter. Rhumbline Advisers raised its position in shares of Banco Latinoamericano de Comercio Exterior by 11.5% in the 2nd quarter. Rhumbline Advisers now owns 46,968 shares of the bank’s stock valued at $1,893,000 after buying an additional 4,843 shares in the last quarter. Ramirez Asset Management Inc. raised its position in shares of Banco Latinoamericano de Comercio Exterior by 20.3% in the 2nd quarter. Ramirez Asset Management Inc. now owns 35,718 shares of the bank’s stock valued at $1,439,000 after buying an additional 6,020 shares in the last quarter. EMC Capital Management acquired a new position in shares of Banco Latinoamericano de Comercio Exterior in the 2nd quarter valued at approximately $273,000. Finally, SBI Securities Co. Ltd. raised its position in shares of Banco Latinoamericano de Comercio Exterior by 21.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 3,485 shares of the bank’s stock valued at $140,000 after buying an additional 626 shares in the last quarter. 19.47% of the stock is currently owned by institutional investors and hedge funds.

Banco Latinoamericano de Comercio Exterior 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.