Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Stock Price Crosses Above 200-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 traded.

Banco Latinoamericano de Comercio Exterior, S. A. Stock Down 0.8 %

The stock’s 50-day moving average price is $38.27 and its two-hundred day moving average price is $35.16. The stock has a market capitalization of $1.39 billion, a PE ratio of 6.98 and a beta of 1.13. The company has a debt-to-equity ratio of 2.73, a quick ratio of 1.77 and a current ratio of 1.77.

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

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors 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 yield of 6.55%. This is an increase from Banco Latinoamericano de Comercio Exterior, S. A.’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Monday, March 10th. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio is 44.64%.

Institutional Trading of Banco Latinoamericano de Comercio Exterior, S. A.

Institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in Banco Latinoamericano de Comercio Exterior, S. A. during the 4th quarter valued at about $74,000. Longboard Asset Management LP purchased a new stake in Banco Latinoamericano de Comercio Exterior, S. A. during the 4th quarter valued at about $202,000. Sterling Capital Management LLC grew its position in Banco Latinoamericano de Comercio Exterior, S. A. by 5.7% during the 4th quarter. Sterling Capital Management LLC now owns 14,497 shares of the bank’s stock valued at $516,000 after purchasing an additional 779 shares during the last quarter. Motley Fool Wealth Management LLC purchased a new stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. during the 4th quarter valued at about $1,603,000. Finally, Hillsdale Investment Management Inc. boosted its holdings in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 0.7% during the 4th quarter. Hillsdale Investment Management Inc. now owns 124,864 shares of the bank’s stock valued at $4,441,000 after acquiring an additional 900 shares during the last quarter. 19.47% of the stock is owned by hedge funds and other institutional investors.

About Banco Latinoamericano de Comercio Exterior, S. A.

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.