Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX – Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $53.85 and traded as high as $60.41. Banco Latinoamericano de Comercio Exterior shares last traded at $59.1590, with a volume of 174,136 shares traded.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “buy (a-)” rating on shares of Banco Latinoamericano de Comercio Exterior in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company has a consensus rating of “Strong Buy”.
Check Out Our Latest Stock Report on BLX
Banco Latinoamericano de Comercio Exterior Stock Down 1.9%
Banco Latinoamericano de Comercio Exterior (NYSE:BLX – Get Free Report) last posted its earnings results on Tuesday, July 28th. The bank reported $1.77 earnings per share (EPS) for the quarter. Banco Latinoamericano de Comercio Exterior had a net margin of 27.77% and a return on equity of 13.77%. The firm had revenue of $98.90 million during the quarter.
Banco Latinoamericano de Comercio Exterior Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Friday, August 7th will be issued a $0.6875 dividend. This represents a $2.75 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Friday, August 7th. Banco Latinoamericano de Comercio Exterior’s dividend payout ratio is 45.38%.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Banco Latinoamericano de Comercio Exterior stock. Diversified Trust Co lifted its holdings in Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX – Free Report) by 63.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,316 shares of the bank’s stock after purchasing an additional 2,827 shares during the quarter. Diversified Trust Co’s holdings in Banco Latinoamericano de Comercio Exterior were worth $374,000 as of its most recent filing with the SEC. 19.47% of the stock is owned by hedge funds and other institutional investors.
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.
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