Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Stock Passes Above 200 Day Moving Average – Time to Sell?

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLXGet Free Report)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $48.08 and traded as high as $52.84. Banco Latinoamericano de Comercio Exterior shares last traded at $52.2620, with a volume of 89,003 shares trading hands.

Analysts Set New Price Targets

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

Check Out Our Latest Research Report on BLX

Banco Latinoamericano de Comercio Exterior Stock Performance

The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 2.40. The company has a 50-day moving average price of $52.31 and a 200-day moving average price of $48.17. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 8.73 and a beta of 0.81.

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

Banco Latinoamericano de Comercio Exterior Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Friday, May 8th will be given a dividend of $0.6875 per share. The ex-dividend date is Friday, May 8th. This represents a $2.75 annualized dividend and a dividend yield of 5.2%. Banco Latinoamericano de Comercio Exterior’s payout ratio is currently 45.68%.

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 BLX. LSV Asset Management boosted its position in shares of Banco Latinoamericano de Comercio Exterior by 1.3% during the fourth quarter. LSV Asset Management now owns 1,163,826 shares of the bank’s stock worth $51,907,000 after buying an additional 15,291 shares during the period. Hillsdale Investment Management Inc. boosted its stake in 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 valued at $5,648,000 after purchasing an additional 5,600 shares in the last quarter. Diversified Trust Co. bought a new position in Banco Latinoamericano de Comercio Exterior during the 4th quarter valued at $200,000. Ramirez Asset Management Inc. boosted its stake in 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 valued at $1,838,000 after purchasing an additional 4,270 shares in the last quarter. Finally, Diversified Trust Co boosted its stake in 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 valued at $374,000 after purchasing an additional 2,827 shares in the last quarter. 19.47% of the stock is currently owned by institutional investors and hedge funds.

About Banco Latinoamericano de Comercio Exterior

(Get Free Report)

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.

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