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

Shares of Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $35.16 and traded as high as $38.87. Banco Latinoamericano de Comercio Exterior, S. A. shares last traded at $38.17, with a volume of 144,291 shares trading hands.

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

The business's fifty day moving average price is $38.36 and its two-hundred day moving average price is $35.25. 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 stock has a market capitalization of $1.36 billion, a P/E ratio of 6.79 and a beta of 1.13.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The bank reported $1.40 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $78.40 million for the quarter, compared to analysts' expectations of $54.84 million. As a group, sell-side analysts forecast that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 earnings per share 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. Investors of record on Monday, March 10th will be issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 6.73%. The ex-dividend date of this dividend is Monday, March 10th. This is a positive change from Banco Latinoamericano de Comercio Exterior, S. A.'s previous quarterly dividend of $0.50. Banco Latinoamericano de Comercio Exterior, S. A.'s dividend payout ratio is presently 44.64%.

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Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in Banco Latinoamericano de Comercio Exterior, S. A. during the 4th quarter valued at about $74,000. Longboard Asset Management LP purchased a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. during the fourth quarter valued at approximately $202,000. Sterling Capital Management LLC boosted its position 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 valued at $516,000 after buying an additional 779 shares during the period. Motley Fool Wealth Management LLC bought a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. during the fourth quarter valued at approximately $1,603,000. Finally, Hillsdale Investment Management Inc. raised its holdings 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 buying an additional 900 shares during the period. 19.47% of the stock is owned by hedge funds and other institutional investors.

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.