Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Shares of Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $54.33 and traded as high as $56.96. Banco Latinoamericano de Comercio Exterior shares last traded at $56.28, with a volume of 139,589 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “buy (a-)” rating on shares of Banco Latinoamericano de Comercio Exterior in a research note on Monday, August 3rd. One 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”.

Banco Latinoamericano de Comercio Exterior Trading Up 0.9%

The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 2.36. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 9.13 and a beta of 0.80. The business has a 50 day moving average price of $58.92 and a 200-day moving average price of $54.39.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last released its quarterly earnings results on Tuesday, July 28th. The bank reported $1.77 EPS for the quarter. The firm had revenue of $98.90 million for the quarter. Banco Latinoamericano de Comercio Exterior had a return on equity of 13.77% and a net margin of 27.77%.

Banco Latinoamericano de Comercio Exterior Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Friday, August 7th will be paid a dividend of $0.6875 per share. The ex-dividend date is Friday, August 7th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 5.0%. Banco Latinoamericano de Comercio Exterior’s dividend payout ratio (DPR) is currently 45.38%.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Banco Latinoamericano de Comercio Exterior stock. Diversified Trust Co boosted its position in shares of Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) by 63.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,316 shares of the bank’s stock after purchasing an additional 2,827 shares during the period. Diversified Trust Co’s holdings in Banco Latinoamericano de Comercio Exterior were worth $374,000 at the end of the most recent reporting period. Institutional investors own 19.47% of the company’s stock.

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.