Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Announces Earnings Results

Banco Latinoamericano de Comercio Exterior (NYSE:BLXGet Free Report) issued its quarterly earnings results on Tuesday. The bank reported $1.77 earnings per share (EPS) for the quarter, Zacks reports. Banco Latinoamericano de Comercio Exterior had a return on equity of 14.36% and a net margin of 27.77%.The company had revenue of $98.90 million for the quarter.

Banco Latinoamericano de Comercio Exterior Stock Down 0.7%

BLX stock opened at $59.20 on Tuesday. Banco Latinoamericano de Comercio Exterior has a twelve month low of $38.41 and a twelve month high of $63.19. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 2.40. The company has a market cap of $2.20 billion, a PE ratio of 9.83 and a beta of 0.79. The business’s 50-day simple moving average is $58.37 and its 200 day simple moving average is $53.20.

Banco Latinoamericano de Comercio Exterior Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Friday, August 7th will be given a dividend of $0.6875 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $2.75 dividend on an annualized basis and a yield of 4.6%. Banco Latinoamericano de Comercio Exterior’s dividend payout ratio (DPR) is 45.68%.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Banco Latinoamericano de Comercio Exterior from a “buy (a)” rating to a “buy (a-)” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Banco Latinoamericano de Comercio Exterior currently has an average rating of “Strong Buy”.

Get Our Latest Analysis on BLX

About Banco Latinoamericano de Comercio Exterior

(Get Free Report)

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.

See Also

Earnings History for Banco Latinoamericano de Comercio Exterior (NYSE:BLX)

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