Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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. Price 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 firm has a fifty day simple moving average of $33.76 and a two-hundred day simple moving average of $31.72. The firm has a market cap of $1.28 billion, a PE ratio of 6.42 and a beta of 1.17.

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

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 8th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.69%. The ex-dividend date was Friday, November 8th. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio is presently 36.56%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. LSV Asset Management increased its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 18.8% during the second quarter. LSV Asset Management now owns 1,143,824 shares of the bank’s stock worth $33,937,000 after acquiring an additional 181,300 shares during the last quarter. Beddow Capital Management Inc. increased 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 valued at $12,709,000 after purchasing an additional 7,423 shares during the last quarter. Sagil Capital LLP raised its holdings in 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 valued at $5,611,000 after buying an additional 79,701 shares during the period. Rhumbline Advisers lifted its position 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 buying an additional 411 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its stake 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 buying an additional 424 shares during the period. 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.