Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Stock: Insider Adriana Lizzeth Diaz Purchases 1,792 Shares

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) insider Adriana Lizzeth Diaz acquired 1,792 shares of the company’s stock in a transaction dated Friday, October 30th. The stock was acquired at an average cost of $52.39 per share, with a total value of $93,882.88. Following the purchase, the insider owned 15,090 shares of the company’s stock, valued at approximately $790,565.10. This trade represents a 13.48% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

Banco Latinoamericano de Comercio Exterior Stock Performance

NYSE:BLX opened at $51.29 on Wednesday. The stock has a 50-day moving average price of $54.38 and a 200 day moving average price of $54.09. The stock has a market capitalization of $1.91 billion, a P/E ratio of 8.46 and a beta of 0.84. Banco Latinoamericano de Comercio Exterior, S.A. has a 12-month low of $42.29 and a 12-month high of $63.19. The company has a current ratio of 1.70, a quick ratio of 1.49 and a debt-to-equity ratio of 3.34.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last posted its quarterly earnings results on Monday, October 26th. The bank reported $1.48 EPS for the quarter. Banco Latinoamericano de Comercio Exterior had a return on equity of 13.96% and a net margin of 27.91%. The company had revenue of $99.12 million for the quarter.

Banco Latinoamericano de Comercio Exterior Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Friday, November 6th will be given a dividend of $0.6875 per share. The ex-dividend date is Friday, November 6th. This represents a $2.75 annualized dividend and a dividend yield of 5.4%. Banco Latinoamericano de Comercio Exterior’s dividend payout ratio (DPR) is presently 45.38%.

Wall Street Analyst Weigh In

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