Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Stock Price Crosses 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 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 traded.

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

The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 2.73. The company has a market capitalization of $1.33 billion, a PE ratio of 6.65 and a beta of 1.16. The firm’s 50 day simple moving average is $34.88 and its 200 day simple moving average is $32.66.

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

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

Institutional Trading of Banco Latinoamericano de Comercio Exterior, S. A.

A number of hedge funds have recently added to or reduced their stakes in the business. Beddow Capital Management Inc. boosted its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 1.9% in 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. Sagil Capital LLP boosted 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 acquiring an additional 79,701 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 0.9% during the second quarter. Rhumbline Advisers now owns 47,093 shares of the bank’s stock worth $1,397,000 after acquiring an additional 411 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in shares of 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 valued at $29,000 after acquiring an additional 424 shares in the last quarter. 19.47% of the stock is owned by hedge funds and other 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.