Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Shares Pass Above Two Hundred Day Moving Average of $27.66

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $27.66 and traded as high as $29.99. Banco Latinoamericano de Comercio Exterior, S. A. shares last traded at $29.98, with a volume of 135,624 shares trading hands.

Analysts Set New Price Targets

Separately, Scotiabank upped their target price on Banco Latinoamericano de Comercio Exterior, S. A. from $38.00 to $42.00 and gave the company a “sector outperform” rating in a research report on Wednesday, June 12th.

Banco Latinoamericano de Comercio Exterior, S. A. Stock Up 1.0 %

The stock has a 50 day moving average price of $29.68 and a 200 day moving average price of $27.66. The company has a market cap of $1.10 billion, a P/E ratio of 6.07 and a beta of 1.20. The company has a debt-to-equity ratio of 3.18, a quick ratio of 1.72 and a current ratio of 1.72.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last issued its quarterly earnings results on Thursday, April 18th. The bank reported $1.40 EPS for the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a net margin of 23.58% and a return on equity of 15.26%. The firm had revenue of $72.60 million for the quarter. Research analysts expect that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 earnings per share for the current fiscal year.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Monday, April 29th were given a $0.50 dividend. This is a positive change from Banco Latinoamericano de Comercio Exterior, S. A.’s previous quarterly dividend of $0.39. The ex-dividend date was Friday, April 26th. This represents a $2.00 annualized dividend and a yield of 6.67%. Banco Latinoamericano de Comercio Exterior, S. A.’s payout ratio is 40.49%.

Hedge Funds Weigh In On Banco Latinoamericano de Comercio Exterior, S. A.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Diversified Trust Co acquired a new stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the third quarter worth $488,000. Ramirez Asset Management Inc. purchased a new stake in Banco Latinoamericano de Comercio Exterior, S. A. in the 3rd quarter worth about $630,000. Los Angeles Capital Management LLC boosted its position in Banco Latinoamericano de Comercio Exterior, S. A. by 21.2% during the 4th quarter. Los Angeles Capital Management LLC now owns 55,805 shares of the bank’s stock worth $1,381,000 after acquiring an additional 9,771 shares during the period. Hillsdale Investment Management Inc. purchased a new position in Banco Latinoamericano de Comercio Exterior, S. A. during the 1st quarter valued at about $3,002,000. Finally, LSV Asset Management increased its holdings in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 0.9% in the 1st quarter. LSV Asset Management now owns 962,524 shares of the bank’s stock valued at $28,510,000 after purchasing an additional 9,038 shares during the period. Institutional investors and hedge funds 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 through two segments, Commercial and Treasury. It also 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.