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

Key Points

• Banco Latinoamericano de Comercio Exterior reported an EPS of $1.73 for the quarter, achieving a net margin of 24.91% and a return on equity of 15.63%.
• The company's stock rose by 2.9% to $40.47, with a market capitalization of $1.48 billion.
• Wall Street Zen upgraded the bank from a "sell" rating to a "hold" rating on May 15th, reflecting a shift in analyst sentiment.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX - Get Free Report) released its earnings results on Monday. The bank reported $1.73 EPS for the quarter, Zacks reports. The firm had revenue of $90.04 million for the quarter. Banco Latinoamericano de Comercio Exterior had a net margin of 26.32% and a return on equity of 16.46%.

Banco Latinoamericano de Comercio Exterior Price Performance

BLX stock traded up $0.36 during trading on Friday, hitting $42.81. 25,656 shares of the company's stock traded hands, compared to its average volume of 126,301. The business has a fifty day simple moving average of $41.44 and a 200 day simple moving average of $39.40. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 7.17 and a beta of 0.88. Banco Latinoamericano de Comercio Exterior has a 52 week low of $28.15 and a 52 week high of $43.24.

Banco Latinoamericano de Comercio Exterior Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Friday, August 15th will be paid a dividend of $0.625 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.50 dividend on an annualized basis and a yield of 5.8%. Banco Latinoamericano de Comercio Exterior's dividend payout ratio is presently 41.88%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Banco Latinoamericano de Comercio Exterior from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th.

About Banco Latinoamericano de Comercio Exterior

Banco Latinoamericano de Comercio Exterior, S. A., a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. The company operates in two segments, Commercial and Treasury. It offers bilateral loans; structured loans including syndicated and clubbed, such as acquisition and pre-export financing, A/B loan financing, bridge loans, and liability management; and project financing.