Banco Latinoamericano de Comercio Exterior, S. A. (BLX) Set to Announce Earnings on Thursday

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) is scheduled to release its earnings data after the market closes on Thursday, April 18th. Parties that wish to register for the company’s conference call can do so using this link.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last released its quarterly earnings data on Thursday, February 22nd. The bank reported $1.27 earnings per share for the quarter. The firm had revenue of $77.79 million for the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a net margin of 23.34% and a return on equity of 14.49%. On average, analysts expect Banco Latinoamericano de Comercio Exterior, S. A. to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Banco Latinoamericano de Comercio Exterior, S. A. Price Performance

BLX opened at $29.40 on Wednesday. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 6.45 and a beta of 1.21. Banco Latinoamericano de Comercio Exterior, S. A. has a fifty-two week low of $17.09 and a fifty-two week high of $30.65. The company’s 50-day moving average price is $27.52 and its 200 day moving average price is $25.18. The company has a quick ratio of 1.00, a current ratio of 2.08 and a debt-to-equity ratio of 3.62.

Banco Latinoamericano de Comercio Exterior, S. A. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Monday, March 4th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.00 annualized dividend and a dividend yield of 6.80%. This is a positive change from Banco Latinoamericano de Comercio Exterior, S. A.’s previous quarterly dividend of $0.25. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio (DPR) is presently 43.86%.

Institutional Trading of Banco Latinoamericano de Comercio Exterior, S. A.

An institutional investor recently raised its position in Banco Latinoamericano de Comercio Exterior, S. A. stock. Rhumbline Advisers lifted its holdings in Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) by 2.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,209 shares of the bank’s stock after buying an additional 957 shares during the period. Rhumbline Advisers owned about 0.12% of Banco Latinoamericano de Comercio Exterior, S. A. worth $734,000 as of its most recent SEC filing. 19.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Banco Latinoamericano de Comercio Exterior, S. A. from a “buy” rating to a “hold” rating in a report on Tuesday, February 27th.

Banco Latinoamericano de Comercio Exterior, S. A. Company Profile

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 through two segments, Commercial and Treasury. It also 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.