Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Shares Pass Above 200 Day Moving Average – Here’s Why

Shares of Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $32.05 and traded as high as $35.82. Banco Latinoamericano de Comercio Exterior, S. A. shares last traded at $35.79, with a volume of 63,271 shares.

Banco Latinoamericano de Comercio Exterior, S. A. Stock Up 0.2 %

The firm has a 50 day moving average price of $34.14 and a 200-day moving average price of $32.10. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 6.56 and a beta of 1.17. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.77 and a quick ratio of 1.77.

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

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 8th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a yield of 5.58%. Banco Latinoamericano de Comercio Exterior, S. A.’s payout ratio is presently 36.56%.

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

Several institutional investors have recently modified their holdings of the business. Rhumbline Advisers lifted its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 0.9% in the second quarter. Rhumbline Advisers now owns 47,093 shares of the bank’s stock valued at $1,397,000 after buying an additional 411 shares during the period. Meeder Asset Management Inc. increased its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 77.8% in the second quarter. Meeder Asset Management Inc. now owns 969 shares of the bank’s stock valued at $29,000 after purchasing an additional 424 shares during the last quarter. Beddow Capital Management Inc. lifted its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 1.0% in the second quarter. Beddow Capital Management Inc. now owns 383,738 shares of the bank’s stock valued at $11,386,000 after buying an additional 3,771 shares during the period. Sagil Capital LLP boosted its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 72.8% during the second quarter. Sagil Capital LLP now owns 189,118 shares of the bank’s stock worth $5,611,000 after buying an additional 79,701 shares during the last quarter. Finally, LSV Asset Management grew its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 18.8% during the 2nd quarter. LSV Asset Management now owns 1,143,824 shares of the bank’s stock worth $33,937,000 after buying an additional 181,300 shares during the period. Institutional investors and hedge funds own 19.47% of the company’s stock.

About Banco Latinoamericano de Comercio Exterior, S. A.

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.