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

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $32.59 and traded as high as $36.39. Banco Latinoamericano de Comercio Exterior, S. A. shares last traded at $36.39, with a volume of 222,431 shares changing hands.

Banco Latinoamericano de Comercio Exterior, S. A. Trading Down 1.0 %

The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 2.73. The stock has a market capitalization of $1.33 billion, a P/E ratio of 6.65 and a beta of 1.16. The firm’s 50 day simple moving average is $34.80 and its two-hundred day simple moving average is $32.59.

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

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date was Friday, November 8th. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio is currently 36.56%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Meeder Asset Management Inc. boosted its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 77.8% during the second quarter. Meeder Asset Management Inc. now owns 969 shares of the bank’s stock worth $29,000 after purchasing an additional 424 shares during the last quarter. Rhumbline Advisers boosted its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 0.9% during 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 last quarter. Sagil Capital LLP boosted its holdings in 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 last quarter. Finally, Beddow Capital Management Inc. boosted its holdings 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 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.