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

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $47.73 and traded as high as $54.56. Banco Latinoamericano de Comercio Exterior shares last traded at $53.6050, with a volume of 78,940 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Banco Latinoamericano de Comercio Exterior from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Banco Latinoamericano de Comercio Exterior Stock Up 0.6%

The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 2.40. The firm has a market cap of $2.00 billion, a PE ratio of 8.90 and a beta of 0.81. The stock has a fifty day simple moving average of $51.75 and a two-hundred day simple moving average of $47.73.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last posted its earnings results on Tuesday, April 28th. The bank reported $1.31 earnings per share 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 14.65% and a net margin of 27.77%.

Banco Latinoamericano de Comercio Exterior Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Friday, May 8th will be issued a dividend of $0.6875 per share. This represents a $2.75 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Friday, May 8th. Banco Latinoamericano de Comercio Exterior’s payout ratio is presently 45.68%.

Institutional Trading of Banco Latinoamericano de Comercio Exterior

A number of large investors have recently modified their holdings of the business. SBI Securities Co. Ltd. boosted its position in shares of Banco Latinoamericano de Comercio Exterior by 7.5% during the 3rd quarter. SBI Securities Co. Ltd. now owns 3,746 shares of the bank’s stock valued at $172,000 after acquiring an additional 261 shares during the last quarter. Diversified Trust Co boosted its position in shares of 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 acquiring an additional 2,827 shares during the last quarter. Ramirez Asset Management Inc. boosted its position in shares of 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 acquiring an additional 4,270 shares during the last quarter. Diversified Trust Co. bought a new stake in shares of Banco Latinoamericano de Comercio Exterior during the 4th quarter valued at about $200,000. Finally, Hillsdale Investment Management Inc. boosted its position in shares of 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 acquiring an additional 5,600 shares during the last quarter. 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.