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

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $30.67 and traded as high as $33.30. Banco Latinoamericano de Comercio Exterior, S. A. shares last traded at $32.81, with a volume of 96,074 shares.

Banco Latinoamericano de Comercio Exterior, S. A. Price Performance

The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 2.80. The stock’s 50-day simple moving average is $31.61 and its two-hundred day simple moving average is $30.67. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 6.64 and a beta of 1.17.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last released its earnings results on Tuesday, July 23rd. The bank reported $1.36 earnings per share (EPS) for the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a net margin of 23.87% and a return on equity of 15.91%. The business had revenue of $75.04 million during the quarter. Equities research analysts predict that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 earnings per share for the current year.

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

A number of hedge funds have recently modified their holdings of BLX. LSV Asset Management raised its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 18.8% in the second quarter. LSV Asset Management now owns 1,143,824 shares of the bank’s stock valued at $33,937,000 after acquiring an additional 181,300 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in Banco Latinoamericano de Comercio Exterior, S. A. in the first quarter valued at approximately $3,002,000. Sagil Capital LLP increased its stake 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 valued at $5,611,000 after purchasing an additional 79,701 shares during the last quarter. Beddow Capital Management Inc. increased its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 1.0% in the second quarter. Beddow Capital Management Inc. now owns 383,738 shares of the bank’s stock valued at $11,386,000 after purchasing an additional 3,771 shares during the last quarter. Finally, Meeder Asset Management Inc. increased 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 purchasing an additional 424 shares during the last quarter. Hedge funds and other institutional investors own 19.47% of the company’s stock.

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.