Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Releases 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) issued its quarterly earnings data on Monday. The bank reported $1.73 EPS for the quarter, Zacks reports. Banco Latinoamericano de Comercio Exterior had a net margin of 24.91% and a return on equity of 15.63%.

Banco Latinoamericano de Comercio Exterior Stock Up 2.9%

BLX traded up $1.14 on Monday, hitting $40.47. The company had a trading volume of 142,705 shares, compared to its average volume of 126,459. The stock has a fifty day simple moving average of $41.44 and a 200-day simple moving average of $39.34. The company has a debt-to-equity ratio of 2.92, a current ratio of 1.62 and a quick ratio of 1.62. The firm has a market capitalization of $1.48 billion, a P/E ratio of 7.23 and a beta of 0.88. Banco Latinoamericano de Comercio Exterior has a 52-week low of $27.37 and a 52-week high of $43.24.

Analyst Ratings Changes

Separately, Wall Street Zen raised Banco Latinoamericano de Comercio Exterior from a "sell" rating to a "hold" rating in a research report 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.

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