Banco Latinoamericano de Comercio Exterior (NYSE:BLX – Get Free Report) issued its quarterly earnings results on Monday. The bank reported $1.48 earnings per share (EPS) for the quarter, Zacks reports. Banco Latinoamericano de Comercio Exterior had a net margin of 27.77% and a return on equity of 13.77%. The company had revenue of $99.12 million during the quarter.
Banco Latinoamericano de Comercio Exterior Trading Down 1.2%
Shares of Banco Latinoamericano de Comercio Exterior stock traded down $0.64 during midday trading on Monday, reaching $53.27. 225,069 shares of the company’s stock traded hands, compared to its average volume of 166,732. The stock has a 50 day moving average of $54.76 and a 200-day moving average of $56.26. Banco Latinoamericano de Comercio Exterior has a 12 month low of $38.41 and a 12 month high of $63.19. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.49 and a current ratio of 1.49. The company has a market cap of $1.98 billion, a PE ratio of 8.79 and a beta of 0.80.
Analyst Ratings Changes
Separately, Weiss Ratings raised shares of Banco Latinoamericano de Comercio Exterior from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, October 16th. One investment analyst has rated the stock with a Strong Buy rating. According to MarketBeat, the stock presently has an average rating of “Strong Buy”.
Check Out Our Latest Research Report on BLX
About Banco Latinoamericano de Comercio Exterior
Banco Latinoamericano de Comercio Exterior, SA, commonly known as Bladex, is a multilateral bank that supports international trade and economic integration across Latin America and the Caribbean. Headquartered in Panama, the bank provides financing and related services to financial institutions, corporations and other eligible counterparties engaged in regional and international commerce.
Bladex offers trade finance, commercial lending, structured financing, letters of credit, guarantees and treasury-related services.
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