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

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX)’s stock price passed 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 company’s fifty day simple moving average is $34.14 and its two-hundred day simple moving average is $32.10. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 6.56 and a beta of 1.17. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 2.73.

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

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors 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 5.58%. The ex-dividend date of this dividend was Friday, November 8th. Banco Latinoamericano de Comercio Exterior, S. A.’s payout ratio is presently 36.56%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sagil Capital LLP raised its position in shares of 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 worth $5,611,000 after purchasing an additional 79,701 shares during the period. Beddow Capital Management Inc. raised its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 1.0% during the 2nd quarter. Beddow Capital Management Inc. now owns 383,738 shares of the bank’s stock worth $11,386,000 after buying an additional 3,771 shares during the period. LSV Asset Management raised its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 18.8% during the 2nd 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 during the period. 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 in the last quarter. Finally, Rhumbline Advisers boosted its holdings 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 valued at $1,397,000 after buying an additional 411 shares during the period. 19.47% of the stock is owned by institutional investors and hedge funds.

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.