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)’s share price crossed 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.

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

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 stock’s fifty day moving average price is $34.80 and its 200-day moving average price is $32.59. The company has a market capitalization of $1.33 billion, a P/E ratio of 6.65 and a beta of 1.16.

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

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BLX. Sagil Capital LLP grew its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 72.8% during the 2nd 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. grew its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 1.9% during the 3rd quarter. Beddow Capital Management Inc. now owns 391,161 shares of the bank’s stock worth $12,709,000 after purchasing an additional 7,423 shares in the last quarter. Meeder Asset Management Inc. grew its position 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 in the last quarter. Finally, Rhumbline Advisers grew its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 0.9% during the 2nd 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. 19.47% of the stock is owned by institutional investors.

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.