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

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $51.85 and traded as high as $57.76. Banco Latinoamericano de Comercio Exterior shares last traded at $56.8490, with a volume of 151,476 shares traded.

Analysts Set New Price Targets

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

Banco Latinoamericano de Comercio Exterior Trading Down 0.3%

The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 9.44 and a beta of 0.79. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.52 and a current ratio of 1.52. The business has a fifty day moving average of $56.98 and a two-hundred day moving average of $51.85.

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

Banco Latinoamericano de Comercio Exterior Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Friday, May 8th were given a $0.6875 dividend. The ex-dividend date was Friday, May 8th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.8%. Banco Latinoamericano de Comercio Exterior’s dividend payout ratio (DPR) is currently 45.68%.

Institutional Investors Weigh In On Banco Latinoamericano de Comercio Exterior

Several institutional investors and hedge funds have recently made changes to their positions in the business. LSV Asset Management grew its stake in Banco Latinoamericano de Comercio Exterior by 1.3% in the 4th quarter. LSV Asset Management now owns 1,163,826 shares of the bank’s stock valued at $51,907,000 after acquiring an additional 15,291 shares during the last quarter. Diversified Trust Co increased its holdings in 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 in the last quarter. Finally, Diversified Trust Co. acquired a new position in Banco Latinoamericano de Comercio Exterior during the fourth quarter worth about $200,000. 19.47% of the stock is currently owned by hedge funds and other institutional investors.

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.