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

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $54.79 and traded as high as $55.20. Banco Latinoamericano de Comercio Exterior shares last traded at $54.50, with a volume of 115,733 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Banco Latinoamericano de Comercio Exterior from a “buy (a-)” rating to a “buy (a)” rating in a report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Strong Buy”.

Banco Latinoamericano de Comercio Exterior Price Performance

The company has a debt-to-equity ratio of 2.36, a current ratio of 1.49 and a quick ratio of 1.49. The firm’s 50 day moving average is $57.95 and its 200 day moving average is $54.79. The firm has a market cap of $2.03 billion, a P/E ratio of 8.99 and a beta of 0.80.

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

Banco Latinoamericano de Comercio Exterior Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Friday, August 7th were paid a $0.6875 dividend. The ex-dividend date was Friday, August 7th. This represents a $2.75 annualized dividend and a dividend yield of 5.0%. Banco Latinoamericano de Comercio Exterior’s dividend payout ratio is presently 45.38%.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Banco Latinoamericano de Comercio Exterior stock. Diversified Trust Co grew its stake in Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) by 63.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,316 shares of the bank’s stock after acquiring an additional 2,827 shares during the quarter. Diversified Trust Co’s holdings in Banco Latinoamericano de Comercio Exterior were worth $374,000 at the end of the most recent quarter. 19.47% of the stock is owned by institutional investors.

About Banco Latinoamericano de Comercio Exterior

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.