Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 market cap of $1.28 billion, a P/E ratio of 6.42 and a beta of 1.17. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.77 and a quick ratio of 1.77. The company’s 50-day moving average is $33.76 and its two-hundred day moving average is $31.72.

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

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 8th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend 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 currently 36.56%.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LSV Asset Management raised its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 18.8% in the 2nd quarter. LSV Asset Management now owns 1,143,824 shares of the bank’s stock worth $33,937,000 after purchasing an additional 181,300 shares during the period. Beddow Capital Management Inc. lifted its position in shares of 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 buying an additional 7,423 shares in the last quarter. Sagil Capital LLP grew its stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 72.8% during 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. Rhumbline Advisers increased its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 0.9% in the 2nd quarter. Rhumbline Advisers now owns 47,093 shares of the bank’s stock worth $1,397,000 after acquiring an additional 411 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its stake in 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 acquiring an additional 424 shares during the period. Hedge funds and other 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.