Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Stock Passes 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 Friday . The stock has a 200-day moving average of $42.10 and traded as high as $45.14. Banco Latinoamericano de Comercio Exterior shares last traded at $44.76, with a volume of 129,614 shares changing hands.

Analysts Set New Price Targets

Several analysts have recently issued reports on BLX shares. Wall Street Zen raised shares of Banco Latinoamericano de Comercio Exterior from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Latinoamericano de Comercio Exterior in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Banco Latinoamericano de Comercio Exterior Price Performance

The firm’s fifty day moving average price is $46.00 and its 200-day moving average price is $42.10. The firm has a market capitalization of $1.67 billion, a P/E ratio of 7.50 and a beta of 0.89.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last issued its earnings results on Monday, August 4th. The bank reported $1.73 earnings per share for the quarter. The firm had revenue of $90.04 million during the quarter. Banco Latinoamericano de Comercio Exterior had a net margin of 26.32% and a return on equity of 16.23%. Analysts expect that Banco Latinoamericano de Comercio Exterior, S.A. will post 4.6 earnings per share for the current year.

Banco Latinoamericano de Comercio Exterior Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Friday, August 15th were issued a $0.625 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.50 dividend on an annualized basis and a yield of 5.6%. Banco Latinoamericano de Comercio Exterior’s dividend payout ratio is currently 41.88%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BLX. PNC Financial Services Group Inc. acquired a new stake in shares of Banco Latinoamericano de Comercio Exterior during the 2nd quarter valued at about $25,000. SBI Securities Co. Ltd. boosted its position in shares of Banco Latinoamericano de Comercio Exterior by 36.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 2,859 shares of the bank’s stock valued at $105,000 after acquiring an additional 769 shares in the last quarter. EMC Capital Management acquired a new stake in shares of Banco Latinoamericano de Comercio Exterior during the 2nd quarter valued at about $273,000. Ramirez Asset Management Inc. boosted its position in shares of Banco Latinoamericano de Comercio Exterior by 20.3% during the 2nd quarter. Ramirez Asset Management Inc. now owns 35,718 shares of the bank’s stock valued at $1,439,000 after acquiring an additional 6,020 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Banco Latinoamericano de Comercio Exterior by 11.5% during the 2nd quarter. Rhumbline Advisers now owns 46,968 shares of the bank’s stock valued at $1,893,000 after acquiring an additional 4,843 shares in the last quarter. Institutional investors own 19.47% of the company’s stock.

About Banco Latinoamericano de Comercio Exterior

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.