Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Stock Crosses Above 200-Day Moving Average - Here's What Happened

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 Monday . The stock has a 200-day moving average of $34.18 and traded as high as $38.67. Banco Latinoamericano de Comercio Exterior, S. A. shares last traded at $38.32, with a volume of 78,157 shares trading hands.

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

The stock has a 50-day moving average price of $37.40 and a two-hundred day moving average price of $34.31. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 7.73 and a beta of 1.16. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 2.73.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The bank reported $1.40 earnings per share for the quarter, topping analysts' consensus estimates of $1.07 by $0.33. Banco Latinoamericano de Comercio Exterior, S. A. had a return on equity of 16.01% and a net margin of 24.29%. The business had revenue of $78.40 million for the quarter, compared to analyst estimates of $54.84 million. As a group, equities research 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 declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.625 per share. This is a positive change from Banco Latinoamericano de Comercio Exterior, S. A.'s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.50 dividend on an annualized basis and a yield of 5.91%. Banco Latinoamericano de Comercio Exterior, S. A.'s dividend payout ratio is presently 36.56%.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Motley Fool Wealth Management LLC acquired a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the 4th quarter valued at $1,603,000. Beddow Capital Management Inc. grew its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 1.9% during the 3rd quarter. Beddow Capital Management Inc. now owns 391,161 shares of the bank's stock valued at $12,709,000 after purchasing an additional 7,423 shares during the last quarter. Longboard Asset Management LP acquired a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the fourth quarter valued at about $202,000. SBI Securities Co. Ltd. purchased a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the fourth quarter worth about $74,000. Finally, Hillsdale Investment Management Inc. raised its stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 0.7% in the fourth quarter. Hillsdale Investment Management Inc. now owns 124,864 shares of the bank's stock worth $4,441,000 after purchasing an additional 900 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.