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

Key Points

• Banco Latinoamericano reported quarterly EPS of $1.31 on revenue of $83.1 million, with a net margin of 27.11% and a return on equity of 14.85%.
• The board declared a quarterly dividend of $0.6875 (annualized $2.75), payable May 27 with an ex-dividend date of May 8, yielding 4.8% and a payout ratio of 45.01%.
• Shares trade around $56.70 with a market cap of $2.11 billion and a P/E of 9.28, and analysts hold a consensus "Strong Buy" rating after Weiss upgraded the stock to buy (a-).

Banco Latinoamericano de Comercio Exterior (NYSE:BLX - Get Free Report) released its earnings results on Monday. The bank reported $1.31 earnings per share (EPS) for the quarter, Zacks reports. Banco Latinoamericano de Comercio Exterior had a net margin of 27.11% and a return on equity of 14.85%. The firm had revenue of $83.10 million during the quarter.

Banco Latinoamericano de Comercio Exterior Trading Up 0.4%

NYSE:BLX opened at $56.70 on Tuesday. Banco Latinoamericano de Comercio Exterior has a one year low of $37.88 and a one year high of $57.79. The business has a fifty day moving average price of $51.45 and a 200-day moving average price of $47.49. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 9.28 and a beta of 0.82. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.62 and a quick ratio of 1.62.

Banco Latinoamericano de Comercio Exterior Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders 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 yield of 4.8%. Banco Latinoamericano de Comercio Exterior's dividend payout ratio (DPR) is presently 45.01%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Banco Latinoamericano de Comercio Exterior from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, 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 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.