Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Shares Cross Above 200-Day Moving Average – What’s Next?

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 $35.69 and traded as high as $36.34. Banco Latinoamericano de Comercio Exterior, S. A. shares last traded at $35.37, with a volume of 240,367 shares changing hands.

Banco Latinoamericano de Comercio Exterior, S. A. Stock Down 4.6 %

The stock has a market cap of $1.23 billion, a PE ratio of 6.16 and a beta of 1.13. The business has a 50 day moving average of $38.12 and a 200-day moving average of $35.71. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 2.73.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last announced its earnings results on Thursday, February 27th. The bank reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.33. The business had revenue of $78.40 million for the quarter, compared to analyst estimates of $54.84 million. Banco Latinoamericano de Comercio Exterior, S. A. had a net margin of 24.29% and a return on equity of 16.01%. Equities research analysts predict that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 EPS for the current fiscal year.

Banco Latinoamericano de Comercio Exterior, S. A. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Monday, March 10th were given a dividend of $0.625 per share. This is an increase from Banco Latinoamericano de Comercio Exterior, S. A.’s previous quarterly dividend of $0.50. This represents a $2.50 annualized dividend and a yield of 7.42%. The ex-dividend date was Monday, March 10th. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio (DPR) is presently 44.64%.

Institutional Investors Weigh In On Banco Latinoamericano de Comercio Exterior, S. A.

Institutional investors and hedge funds have recently made changes to their positions in the business. Motley Fool Wealth Management LLC purchased a new stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. during the fourth quarter worth approximately $1,603,000. Longboard Asset Management LP acquired a new position in Banco Latinoamericano de Comercio Exterior, S. A. in the 4th quarter valued at $202,000. SBI Securities Co. Ltd. acquired a new position in Banco Latinoamericano de Comercio Exterior, S. A. in the 4th quarter valued at $74,000. Hillsdale Investment Management Inc. raised its position in Banco Latinoamericano de Comercio Exterior, S. A. by 0.7% during the 4th quarter. Hillsdale Investment Management Inc. now owns 124,864 shares of the bank’s stock worth $4,441,000 after buying an additional 900 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 5.7% in the 4th quarter. Sterling Capital Management LLC now owns 14,497 shares of the bank’s stock worth $516,000 after acquiring an additional 779 shares during the period. 19.47% of the stock is owned by hedge funds and other institutional investors.

Banco Latinoamericano de Comercio Exterior, S. A. Company Profile

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.