Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Stock Passes Above Two Hundred Day Moving Average of $19.24

Posted by Defense World Staff on Aug 9th, 2023

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX – Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $19.24 and traded as high as $24.42. Banco Latinoamericano de Comercio Exterior, S. A. shares last traded at $24.33, with a volume of 79,754 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BLX. Barclays began coverage on shares of Banco Latinoamericano de Comercio Exterior, S. A. in a research report on Thursday, June 29th. They set an “overweight” rating and a $32.00 price target on the stock. StockNews.com began coverage on shares of Banco Latinoamericano de Comercio Exterior, S. A. in a research report on Thursday, May 18th. They set a “hold” rating on the stock.

Read Our Latest Stock Analysis on Banco Latinoamericano de Comercio Exterior, S. A.

Banco Latinoamericano de Comercio Exterior, S. A. Trading Down 0.3 %

The company’s fifty day moving average is $21.99 and its two-hundred day moving average is $19.24. The stock has a market cap of $883.91 million, a price-to-earnings ratio of 6.70 and a beta of 1.18. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 3.59.

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

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be issued a $0.25 dividend. The ex-dividend date is Friday, July 28th. This represents a $1.00 annualized dividend and a yield of 4.11%. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio (DPR) is 27.55%.

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

Several hedge funds have recently added to or reduced their stakes in BLX. Uniplan Investment Counsel Inc. increased its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 13.0% in the first quarter. Uniplan Investment Counsel Inc. now owns 307,465 shares of the bank’s stock valued at $5,343,000 after purchasing an additional 35,410 shares during the last quarter. LSV Asset Management grew its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 2.9% during the second quarter. LSV Asset Management now owns 999,108 shares of the bank’s stock worth $22,040,000 after acquiring an additional 27,700 shares during the last quarter. Beddow Capital Management Inc. grew its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 1.4% during the second quarter. Beddow Capital Management Inc. now owns 424,969 shares of the bank’s stock worth $9,375,000 after acquiring an additional 5,825 shares during the last quarter. Rhumbline Advisers grew its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 5.2% during the second quarter. Rhumbline Advisers now owns 44,409 shares of the bank’s stock worth $980,000 after acquiring an additional 2,200 shares during the last quarter. Finally, Thomas White International Ltd. grew its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 0.3% during the first quarter. Thomas White International Ltd. now owns 353,718 shares of the bank’s stock worth $5,510,000 after acquiring an additional 1,021 shares during the last quarter. 6.92% of the stock is currently owned by hedge funds and other institutional investors.

Banco Latinoamericano de Comercio Exterior, S. A. Company Profile

(Get Free Report)

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.