Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) passed 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 trading hands.

Banco Latinoamericano de Comercio Exterior, S. A. Trading Down 0.8 %

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 company has a market capitalization of $1.29 billion, a P/E ratio of 6.46 and a beta of 1.17. The company’s fifty day simple moving average is $33.72 and its 200-day simple moving average is $31.69.

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

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 8th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a yield of 5.66%. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio is currently 36.56%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. lifted its stake in shares of 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 purchasing an additional 424 shares during the last quarter. Rhumbline Advisers raised its holdings in 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 in the last quarter. Sagil Capital LLP raised its holdings 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 worth $5,611,000 after purchasing an additional 79,701 shares in the last quarter. Beddow Capital Management Inc. lifted its position in shares of 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 valued at $11,386,000 after buying an additional 3,771 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in shares of 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 valued at $33,937,000 after buying an additional 181,300 shares in the last quarter. 19.47% of the stock is currently 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.