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

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

Banco Latinoamericano de Comercio Exterior Stock Performance

Shares of Banco Latinoamericano de Comercio Exterior stock traded up $1.27 during midday trading on Friday, hitting $50.95. 68,990 shares of the company traded hands, compared to its average volume of 155,712. The firm’s fifty day moving average price is $45.73 and its 200-day moving average price is $45.19. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 8.49 and a beta of 0.83. Banco Latinoamericano de Comercio Exterior has a 12 month low of $31.14 and a 12 month high of $51.49.

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 issued a dividend of $0.6875 per share. This is a boost from Banco Latinoamericano de Comercio Exterior’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $2.75 annualized dividend and a dividend yield of 5.4%. Banco Latinoamericano de Comercio Exterior’s payout ratio is presently 41.60%.

Wall Street Analysts Forecast Growth

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

Banco Latinoamericano de Comercio Exterior Company Profile

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.