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

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) 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%.

Banco Latinoamericano de Comercio Exterior Stock Performance

Banco Latinoamericano de Comercio Exterior stock traded down $0.64 during midday trading on Monday, reaching $53.27. The stock had a trading volume of 225,069 shares, compared to its average volume of 166,732. The firm has a market capitalization of $1.98 billion, a PE ratio of 8.79 and a beta of 0.80. 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 quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 2.36. The firm’s 50-day moving average price is $54.76 and its 200 day moving average price is $56.26.

Analyst Ratings Changes

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

Banco Latinoamericano de Comercio Exterior Company Profile

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.