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

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) posted its quarterly earnings data on Thursday. The bank reported $1.50 earnings per share 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 Trading Up 3.0%

Banco Latinoamericano de Comercio Exterior stock traded up $1.47 during mid-day trading on Friday, hitting $51.15. The stock had a trading volume of 66,199 shares, compared to its average volume of 155,712. The stock has a 50-day simple moving average of $45.73 and a two-hundred day simple moving average of $45.19. The stock has a market capitalization of $1.90 billion, a PE ratio of 8.51 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 disclosed 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 is a boost from Banco Latinoamericano de Comercio Exterior’s previous quarterly dividend of $0.63. The ex-dividend date is Wednesday, February 25th. This represents a $2.75 annualized dividend and a yield of 5.4%. Banco Latinoamericano de Comercio Exterior’s dividend payout ratio is presently 41.60%.

Wall Street Analysts Forecast Growth

BLX has been the topic of several research reports. Weiss Ratings upgraded shares of Banco Latinoamericano de Comercio Exterior from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, January 26th. Wall Street Zen lowered Banco Latinoamericano de Comercio Exterior from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Banco Latinoamericano de Comercio Exterior presently has an average 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.