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

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) released its quarterly earnings results on Monday. The bank reported $1.48 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $99.12 million for the quarter.

Banco Latinoamericano de Comercio Exterior Stock Performance

Shares of Banco Latinoamericano de Comercio Exterior stock opened at $52.21 on Wednesday. Banco Latinoamericano de Comercio Exterior has a fifty-two week low of $38.41 and a fifty-two week high of $63.19. The company has a market capitalization of $1.94 billion, a P/E ratio of 8.62 and a beta of 0.80. The company has a fifty day moving average of $54.66 and a 200 day moving average of $53.91.

Banco Latinoamericano de Comercio Exterior Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Friday, November 6th will be issued a $0.6875 dividend. The ex-dividend date of this dividend is Friday, November 6th. This represents a $2.75 annualized dividend and a yield of 5.3%. Banco Latinoamericano de Comercio Exterior’s dividend payout ratio is currently 45.38%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Banco Latinoamericano de Comercio Exterior from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, October 16th. One research analyst has rated the stock with a Strong Buy rating. According to MarketBeat, the company has an average rating of “Strong Buy”.

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.