Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Share Price Passes Above 200-Day Moving Average - What's Next?

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $31.69 and traded as high as $35.69. Banco Latinoamericano de Comercio Exterior, S. A. shares last traded at $35.32, with a volume of 89,450 shares changing hands.

Banco Latinoamericano de Comercio Exterior, S. A. Stock Down 0.6 %

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 stock has a market cap of $1.28 billion, a P/E ratio of 6.46 and a beta of 1.17. The firm has a 50-day simple moving average of $33.72 and a two-hundred day simple moving average of $31.69.

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

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 8th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.69%. The ex-dividend date was Friday, November 8th. Banco Latinoamericano de Comercio Exterior, S. A.'s dividend payout ratio is 36.56%.

Institutional Trading of Banco Latinoamericano de Comercio Exterior, S. A.

A number of institutional investors have recently bought and sold shares of BLX. Meeder Asset Management Inc. raised its position in shares of 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 in the last quarter. Rhumbline Advisers increased its position in shares of 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 worth $1,397,000 after purchasing an additional 411 shares during the period. Sagil Capital LLP raised its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 72.8% in 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 in the last quarter. Beddow Capital Management Inc. lifted its position in Banco Latinoamericano de Comercio Exterior, S. A. by 1.0% during the second quarter. Beddow Capital Management Inc. now owns 383,738 shares of the bank's stock worth $11,386,000 after purchasing an additional 3,771 shares during the period. Finally, LSV Asset Management grew its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 18.8% during 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. Institutional investors 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.