Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Shares Pass Above 200-Day Moving Average - Should You Sell?

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report)'s stock price 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 changing hands.

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

The stock has a market cap of $1.31 billion, a P/E ratio of 6.56 and a beta of 1.17. 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's fifty day simple moving average is $34.10 and its 200-day simple moving average is $32.08.

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

The company also recently declared 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 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 dividend payout ratio (DPR) is currently 36.56%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Meeder Asset Management Inc. lifted its stake 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 buying an additional 424 shares during the period. Rhumbline Advisers lifted its holdings 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 acquiring an additional 411 shares during the period. Sagil Capital LLP grew 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 valued at $5,611,000 after purchasing an additional 79,701 shares during the period. Beddow Capital Management Inc. grew its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 1.0% in the 2nd 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 in the last quarter. Finally, LSV Asset Management lifted its holdings in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 18.8% in the second 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 in the last quarter. 19.47% of the stock is 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.