Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Shares Pass Above Two Hundred Day Moving Average - Here's What Happened

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 Friday . The stock has a two hundred day moving average of $32.59 and traded as high as $36.39. Banco Latinoamericano de Comercio Exterior, S. A. shares last traded at $36.39, with a volume of 222,431 shares trading hands.

Banco Latinoamericano de Comercio Exterior, S. A. Price Performance

The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 2.73. The company has a 50 day simple moving average of $34.88 and a 200 day simple moving average of $32.64. The stock has a market cap of $1.33 billion, a P/E ratio of 6.65 and a beta of 1.16.

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

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date of this dividend was Friday, November 8th. Banco Latinoamericano de Comercio Exterior, S. A.'s dividend payout ratio is presently 36.56%.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. increased its stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 77.8% during the 2nd quarter. Meeder Asset Management Inc. now owns 969 shares of the bank's stock worth $29,000 after purchasing an additional 424 shares during the last quarter. Rhumbline Advisers increased its position in Banco Latinoamericano de Comercio Exterior, S. A. by 0.9% during the second quarter. Rhumbline Advisers now owns 47,093 shares of the bank's stock worth $1,397,000 after buying an additional 411 shares during the last quarter. Sagil Capital LLP raised its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 72.8% in the 2nd quarter. Sagil Capital LLP now owns 189,118 shares of the bank's stock valued at $5,611,000 after acquiring an additional 79,701 shares during the period. Finally, Beddow Capital Management Inc. lifted its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 1.0% during the 2nd quarter. Beddow Capital Management Inc. now owns 383,738 shares of the bank's stock valued at $11,386,000 after purchasing an additional 3,771 shares during the last quarter. 19.47% of the stock is currently owned by institutional investors and hedge funds.

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.