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

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) announced its earnings results on Monday. The bank reported $1.31 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $83.10 million for the quarter. Banco Latinoamericano de Comercio Exterior had a return on equity of 14.65% and a net margin of 27.77%.

Banco Latinoamericano de Comercio Exterior Price Performance

Shares of NYSE BLX opened at $53.56 on Wednesday. Banco Latinoamericano de Comercio Exterior has a twelve month low of $37.88 and a twelve month high of $57.79. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 2.40. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 8.90 and a beta of 0.82. The business has a 50 day simple moving average of $51.51 and a 200-day simple moving average of $47.55.

Banco Latinoamericano de Comercio Exterior Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Friday, May 8th will be given a $0.6875 dividend. The ex-dividend date is Friday, May 8th. This represents a $2.75 annualized dividend and a dividend yield of 5.1%. Banco Latinoamericano de Comercio Exterior’s dividend payout ratio (DPR) is presently 45.01%.

Analysts Set New Price Targets

Separately, 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 equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company 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 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.