Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $52.87 and traded as high as $59.50. Banco Latinoamericano de Comercio Exterior shares last traded at $59.4240, with a volume of 112,718 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Banco Latinoamericano de Comercio Exterior from a “buy (a)” rating to a “buy (a-)” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

Banco Latinoamericano de Comercio Exterior Trading Up 1.3%

The firm has a market cap of $2.22 billion, a PE ratio of 9.90 and a beta of 0.79. The company has a 50-day simple moving average of $58.12 and a 200 day simple moving average of $52.97. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 2.40.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last posted its earnings results on Tuesday, April 28th. The bank reported $1.31 earnings per share for the quarter. Banco Latinoamericano de Comercio Exterior had a net margin of 27.77% and a return on equity of 14.36%. The firm had revenue of $83.10 million during the quarter.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. LSV Asset Management grew its position in shares of Banco Latinoamericano de Comercio Exterior by 1.3% during the 4th quarter. LSV Asset Management now owns 1,163,826 shares of the bank’s stock valued at $51,907,000 after acquiring an additional 15,291 shares during the period. Diversified Trust Co increased its stake in shares of Banco Latinoamericano de Comercio Exterior by 63.0% in the 1st quarter. Diversified Trust Co now owns 7,316 shares of the bank’s stock valued at $374,000 after purchasing an additional 2,827 shares in the last quarter. Finally, Diversified Trust Co. acquired a new position in Banco Latinoamericano de Comercio Exterior in the 4th quarter worth about $200,000. Institutional investors and hedge funds own 19.47% of the company’s stock.

About Banco Latinoamericano de Comercio Exterior

Banco Latinoamericano de Comercio Exterior SA, commonly known as BLADEx and traded on the New York Stock Exchange under the symbol BLX, is a multilateral financial institution dedicated to promoting foreign trade and regional integration in Latin America and the Caribbean. Headquartered in Panama City, the bank provides specialized trade finance solutions to corporate clients and financial institutions, helping to facilitate cross-border transactions across key markets in the region. Its services encompass import and export financing, supply chain solutions, project and structured finance, as well as treasury and risk management products.

Established in 1977 by a consortium of 20 Latin American and Caribbean governments in partnership with the Inter-American Development Bank (IDB), BLADEx has a mandate to support economic development through trade facilitation.