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

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) released its quarterly earnings data on Thursday. The bank reported $1.50 EPS for the quarter, Zacks reports. Banco Latinoamericano de Comercio Exterior had a return on equity of 15.42% and a net margin of 26.58%.The company had revenue of $88.80 million during the quarter.

Banco Latinoamericano de Comercio Exterior Stock Up 3.0%

NYSE:BLX traded up $1.47 during trading hours on Friday, hitting $51.15. 66,199 shares of the company traded hands, compared to its average volume of 155,712. Banco Latinoamericano de Comercio Exterior has a one year low of $31.14 and a one year high of $51.49. The company has a market cap of $1.90 billion, a PE ratio of 8.51 and a beta of 0.83. The firm’s 50-day simple moving average is $45.73 and its 200-day simple moving average is $45.19.

Banco Latinoamericano de Comercio Exterior Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Wednesday, February 25th will be given a $0.6875 dividend. This represents a $2.75 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Wednesday, February 25th. This is an increase from Banco Latinoamericano de Comercio Exterior’s previous quarterly dividend of $0.63. Banco Latinoamericano de Comercio Exterior’s payout ratio is currently 41.60%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Wall Street Zen lowered shares of Banco Latinoamericano de Comercio Exterior from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Weiss Ratings upgraded shares of Banco Latinoamericano de Comercio Exterior from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Banco Latinoamericano de Comercio Exterior currently has a consensus rating of “Strong Buy”.

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.