Banco Latinoamericano de Comerci Extr (NYSE:BLX) Share Price Crosses Above Two Hundred Day Moving Average of $20.38

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Banco Latinoamericano de Comerci Extr SA (NYSE:BLX) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $20.38 and traded as high as $21.91. Banco Latinoamericano de Comerci Extr shares last traded at $21.85, with a volume of 41,395 shares changing hands.

A number of brokerages recently issued reports on BLX. ValuEngine lowered shares of Banco Latinoamericano de Comerci Extr from a “sell” rating to a “strong sell” rating in a report on Saturday, August 31st. CIBC raised their price objective on shares of Banco Latinoamericano de Comerci Extr from $24.00 to $25.00 in a report on Wednesday, October 23rd. Finally, Zacks Investment Research lowered shares of Banco Latinoamericano de Comerci Extr from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $23.50.

The company has a debt-to-equity ratio of 2.60, a quick ratio of 2.20 and a current ratio of 2.20. The firm’s fifty day simple moving average is $21.56 and its 200-day simple moving average is $20.38. The stock has a market cap of $858.81 million, a P/E ratio of 78.18 and a beta of 1.34.

Banco Latinoamericano de Comerci Extr (NYSE:BLX) last released its quarterly earnings results on Friday, October 18th. The bank reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.05). Banco Latinoamericano de Comerci Extr had a return on equity of 8.46% and a net margin of 28.00%. The firm had revenue of $29.52 million for the quarter, compared to the consensus estimate of $35.00 million. Analysts predict that Banco Latinoamericano de Comerci Extr SA will post 2.23 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, October 29th were issued a dividend of $0.385 per share. The ex-dividend date of this dividend was Monday, October 28th. This represents a $1.54 annualized dividend and a yield of 7.04%. Banco Latinoamericano de Comerci Extr’s payout ratio is 550.00%.

A number of institutional investors have recently added to or reduced their stakes in BLX. Beddow Capital Management Inc. raised its holdings in Banco Latinoamericano de Comerci Extr by 10.2% during the 2nd quarter. Beddow Capital Management Inc. now owns 334,292 shares of the bank’s stock worth $6,963,000 after purchasing an additional 30,939 shares during the last quarter. Thomas White International Ltd. raised its holdings in Banco Latinoamericano de Comerci Extr by 3.1% during the 2nd quarter. Thomas White International Ltd. now owns 123,546 shares of the bank’s stock worth $2,573,000 after purchasing an additional 3,702 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in Banco Latinoamericano de Comerci Extr by 0.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 326,500 shares of the bank’s stock worth $6,801,000 after purchasing an additional 2,470 shares during the last quarter. Rhumbline Advisers raised its holdings in Banco Latinoamericano de Comerci Extr by 9.1% during the 3rd quarter. Rhumbline Advisers now owns 48,347 shares of the bank’s stock worth $964,000 after purchasing an additional 4,021 shares during the last quarter. Finally, Paradice Investment Management LLC raised its holdings in Banco Latinoamericano de Comerci Extr by 2.0% during the 3rd quarter. Paradice Investment Management LLC now owns 2,466,850 shares of the bank’s stock worth $49,189,000 after purchasing an additional 47,355 shares during the last quarter. Hedge funds and other institutional investors own 15.68% of the company’s stock.

Banco Latinoamericano de Comerci Extr Company Profile (NYSE:BLX)

Banco Latinoamericano de Comercio Exterior, SA, 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 offers short and medium-term bilateral, structured and syndicated credits, and loan commitments; letter of credit contingencies, such as issued and confirmed letters of credit, and stand-by letters of credit; and guarantees covering commercial risk and other assets.

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