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

Shares of Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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. Trading Down 1.0 %

The firm has a market cap of $1.33 billion, a PE ratio of 6.65 and a beta of 1.16. 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 company has a 50 day simple moving average of $34.88 and a two-hundred day simple moving average of $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. Shareholders of record on Friday, November 8th were given a dividend of $0.50 per share. 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 currently 36.56%.

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

Several institutional investors have recently made changes to their positions in the company. Beddow Capital Management Inc. grew its position in Banco Latinoamericano de Comercio Exterior, S. A. by 1.9% during the third quarter. Beddow Capital Management Inc. now owns 391,161 shares of the bank’s stock valued at $12,709,000 after buying an additional 7,423 shares during the period. Sagil Capital LLP boosted its stake 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 acquiring an additional 79,701 shares in the last quarter. 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 valued at $1,397,000 after acquiring an additional 411 shares during the period. Finally, Meeder Asset Management Inc. increased its stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 77.8% in the 2nd quarter. Meeder Asset Management Inc. now owns 969 shares of the bank’s stock valued at $29,000 after purchasing 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.