Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Stock Passes Above 200-Day Moving Average - Time to Sell?

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 traded.

Banco Latinoamericano de Comercio Exterior, S. A. Stock Up 1.7 %

The company has a debt-to-equity ratio of 2.73, a quick ratio of 1.77 and a current ratio of 1.77. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 6.13 and a beta of 0.88. The business's 50 day moving average price is $37.85 and its 200 day moving average price is $35.76.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The bank reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.07 by $0.33. Banco Latinoamericano de Comercio Exterior, S. A. had a net margin of 24.29% and a return on equity of 16.01%. The company had revenue of $78.40 million during the quarter, compared to analysts' expectations of $54.84 million. On average, equities analysts forecast that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 EPS for the current year.

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

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Monday, March 10th were given a $0.625 dividend. This is a positive change from Banco Latinoamericano de Comercio Exterior, S. A.'s previous quarterly dividend of $0.50. The ex-dividend date was Monday, March 10th. This represents a $2.50 annualized dividend and a dividend yield of 7.46%. Banco Latinoamericano de Comercio Exterior, S. A.'s dividend payout ratio (DPR) is 44.64%.

Hedge Funds Weigh In On Banco Latinoamericano de Comercio Exterior, S. A.

A number of hedge funds have recently made changes to their positions in the company. Sterling Capital Management LLC grew its holdings in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 5.7% during the fourth quarter. Sterling Capital Management LLC now owns 14,497 shares of the bank's stock worth $516,000 after buying an additional 779 shares in the last quarter. Hillsdale Investment Management Inc. grew its stake 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 valued at $4,441,000 after acquiring an additional 900 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Banco Latinoamericano de Comercio Exterior, S. A. in the 4th quarter valued at about $74,000. Longboard Asset Management LP purchased a new position in Banco Latinoamericano de Comercio Exterior, S. A. in the 4th quarter worth approximately $202,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 4,087.0% during the 1st quarter. GAMMA Investing LLC now owns 26,462 shares of the bank's stock worth $969,000 after purchasing an additional 25,830 shares during the last quarter. Institutional investors and hedge funds own 19.47% of the company's stock.

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.