Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $48.51 and traded as high as $56.64. Banco Latinoamericano de Comercio Exterior shares last traded at $56.44, with a volume of 222,191 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings cut Banco Latinoamericano de Comercio Exterior from a “buy (a)” rating to a “buy (a-)” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Strong Buy”.

Banco Latinoamericano de Comercio Exterior Price Performance

The company has a debt-to-equity ratio of 2.40, a current ratio of 1.52 and a quick ratio of 1.52. The company has a 50 day moving average price of $52.97 and a 200 day moving average price of $48.56. The firm has a market cap of $2.06 billion, a PE ratio of 9.20 and a beta of 0.81.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last released its quarterly earnings results on Tuesday, April 28th. The bank reported $1.31 EPS for the quarter. Banco Latinoamericano de Comercio Exterior had a return on equity of 14.36% and a net margin of 27.77%.The business had revenue of $83.10 million during the quarter.

Banco Latinoamericano de Comercio Exterior Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Friday, May 8th will be paid a dividend of $0.6875 per share. This represents a $2.75 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Friday, May 8th. Banco Latinoamericano de Comercio Exterior’s dividend payout ratio is 45.68%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Diversified Trust Co raised its position in Banco Latinoamericano de Comercio Exterior by 63.0% in the first quarter. Diversified Trust Co now owns 7,316 shares of the bank’s stock worth $374,000 after acquiring an additional 2,827 shares in the last quarter. LSV Asset Management raised its position in Banco Latinoamericano de Comercio Exterior by 1.3% in the fourth quarter. LSV Asset Management now owns 1,163,826 shares of the bank’s stock worth $51,907,000 after acquiring an additional 15,291 shares in the last quarter. Diversified Trust Co. purchased a new position in Banco Latinoamericano de Comercio Exterior in the fourth quarter worth $200,000. Ramirez Asset Management Inc. raised its position in Banco Latinoamericano de Comercio Exterior by 12.0% in the third quarter. Ramirez Asset Management Inc. now owns 39,988 shares of the bank’s stock worth $1,838,000 after acquiring an additional 4,270 shares in the last quarter. Finally, Hillsdale Investment Management Inc. raised its position in Banco Latinoamericano de Comercio Exterior by 4.8% in the third quarter. Hillsdale Investment Management Inc. now owns 122,864 shares of the bank’s stock worth $5,648,000 after acquiring an additional 5,600 shares in the last quarter. Hedge funds and other 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.