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NYSE:BLX

Banco Latinoamericano de Comercio Exterior, S. A. (BLX) Stock Forecast, Price & News

$21.21
-0.48 (-2.21%)
(As of 09/29/2023 ET)
Compare
Today's Range
$21.00
$21.75
50-Day Range
$21.62
$24.41
52-Week Range
$13.00
$24.65
Volume
138,624 shs
Average Volume
101,111 shs
Market Capitalization
$770.56 million
P/E Ratio
5.84
Dividend Yield
4.71%
Price Target
$37.50

Banco Latinoamericano de Comercio Exterior, S. A. MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
76.8% Upside
$37.50 Price Target
Short Interest
Healthy
0.73% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.85
Upright™ Environmental Score
News Sentiment
0.56mentions of Banco Latinoamericano de Comercio Exterior, S. A. in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.62 out of 5 stars

Finance Sector

290th out of 871 stocks

Commercial Banks, Not Elsewhere Classified Industry

9th out of 29 stocks


BLX stock logo

About Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Stock

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 through two segments, Commercial and Treasury. It also 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. In addition, the company provides letter of credit comprising import and export letters of credit, and credit discounting and financing, as well as usance payable at sight; stand-by services; bank guarantees, which includes first demand and local guarantees; import and export documentary collection; irrevocable reimbursement undertaking, and canal tolls. Further, it offers liquidity and investment solutions including time deposits, DDA accounts, Yankee certificate of deposits, and EMTN private placement services, as well as supply chain finance services. The company primarily serves financial institutions, corporations, and sovereigns and state-owned entities. Banco Latinoamericano de Comercio Exterior, S. A.was formerly known as Banco Latinoamericano de Exportaciones, S.A. and changed its name to Banco Latinoamericano de Comercio Exterior, S. A. in June 2009. The company was founded in 1977 and is headquartered in Panama City, the Republic of Panama.

BLX Price History

BLX Stock News Headlines

BREAKING: The truth about war with China
Foreign Affairs reports, "China is Now in a Prewar Tempo of Political and Military Preparations." China has one goal: take control of Taiwan, and an invasion could happen any day. I've identified 5 investments I believe are in immediate danger. But you can get out of them now - before it's too late.
Foreign Trade Bank of Latin America Inc (BLX)
12 Best Places to Retire in Panama
BREAKING: The truth about war with China
Foreign Affairs reports, "China is Now in a Prewar Tempo of Political and Military Preparations." China has one goal: take control of Taiwan, and an invasion could happen any day. I've identified 5 investments I believe are in immediate danger. But you can get out of them now - before it's too late.
BLADEX'S SECOND QUARTER 2023 CONFERENCE CALL
See More Headlines
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BLX Company Calendar

Last Earnings
7/20/2023
Ex-Dividend for 8/15 Dividend
7/28/2023
Dividend Payable
8/15/2023
Today
9/29/2023
Next Earnings (Estimated)
11/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Commercial banks, not elsewhere classified
Sub-Industry
Diversified Banks
Sector
Finance
CUSIP
P1699413
Employees
52
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$37.50
High Stock Price Forecast
$43.00
Low Stock Price Forecast
$32.00
Forecasted Upside/Downside
+76.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$92.04 million
Pretax Margin
24.17%

Debt

Sales & Book Value

Annual Sales
$351.28 million
Cash Flow
$2.56 per share
Book Value
$29.44 per share

Miscellaneous

Free Float
36,252,000
Market Cap
$770.56 million
Optionable
Optionable
Beta
1.20
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Key Executives

  • Mr. Jorge L. Salas (Age 52)
    Chief Exec. Officer
  • Ms. Ana Graciela de Mendez (Age 56)
    Exec. VP & CFO
  • Mr. Carlos Daniel Raad Baene (Age 42)
    Exec. VP, Head of Investor Relations & Chief Investor Relations Officer
  • Mr. Jorge Luis Real (Age 50)
    Exec. VP, Chief Legal Officer & Sec. of the Board of Directors
  • Mr. Alejandro Tizzoni (Age 45)
    Exec. VP & Chief Risk Officer
  • Mr. Eduardo Vivone (Age 57)
    Exec. VP of Treasury & Capital Markets
  • Ms. Monica Cosulich
    Sr. VP of Fin. & Investor Relations
  • Mr. Olazhir Ledezma (Age 50)
    Exec. VP of Strategic Planning
  • Ms. Adriana Lizzeth Diaz Forero (Age 38)
    Exec. VP & Chief Audit Officer
  • Mr. Samuel Canineu (Age 40)
    Exec. VP & Chief Commercial Officer













BLX Stock - Frequently Asked Questions

Should I buy or sell Banco Latinoamericano de Comercio Exterior, S. A. stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Banco Latinoamericano de Comercio Exterior, S. A. in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" BLX shares.
View BLX analyst ratings
or view top-rated stocks.

What is Banco Latinoamericano de Comercio Exterior, S. A.'s stock price forecast for 2023?

2 Wall Street research analysts have issued 12-month price targets for Banco Latinoamericano de Comercio Exterior, S. A.'s shares. Their BLX share price forecasts range from $32.00 to $43.00. On average, they predict the company's stock price to reach $37.50 in the next year. This suggests a possible upside of 76.8% from the stock's current price.
View analysts price targets for BLX
or view top-rated stocks among Wall Street analysts.

How have BLX shares performed in 2023?

Banco Latinoamericano de Comercio Exterior, S. A.'s stock was trading at $16.20 at the start of the year. Since then, BLX shares have increased by 30.9% and is now trading at $21.21.
View the best growth stocks for 2023 here
.

Are investors shorting Banco Latinoamericano de Comercio Exterior, S. A.?

Banco Latinoamericano de Comercio Exterior, S. A. saw a decrease in short interest during the month of September. As of September 15th, there was short interest totaling 204,700 shares, a decrease of 15.0% from the August 31st total of 240,700 shares. Based on an average trading volume of 103,800 shares, the days-to-cover ratio is currently 2.0 days. Approximately 0.7% of the shares of the company are short sold.
View Banco Latinoamericano de Comercio Exterior, S. A.'s Short Interest
.

When is Banco Latinoamericano de Comercio Exterior, S. A.'s next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our BLX earnings forecast
.

How were Banco Latinoamericano de Comercio Exterior, S. A.'s earnings last quarter?

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) posted its quarterly earnings results on Thursday, July, 20th. The bank reported $1.02 earnings per share for the quarter. The bank earned $57.38 million during the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a trailing twelve-month return on equity of 12.16% and a net margin of 24.18%.

How often does Banco Latinoamericano de Comercio Exterior, S. A. pay dividends? What is the dividend yield for Banco Latinoamericano de Comercio Exterior, S. A.?

Banco Latinoamericano de Comercio Exterior, S. A. announced a quarterly dividend on Thursday, July 20th. Stockholders of record on Monday, July 31st will be given a dividend of $0.25 per share on Tuesday, August 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date is Friday, July 28th.
Read our dividend analysis for BLX
.

Is Banco Latinoamericano de Comercio Exterior, S. A. a good dividend stock?

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) pays an annual dividend of $1.00 per share and currently has a dividend yield of 4.63%. BLX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 27.55%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for BLX.

What other stocks do shareholders of Banco Latinoamericano de Comercio Exterior, S. A. own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Banco Latinoamericano de Comercio Exterior, S. A. investors own include Enterprise Products Partners (EPD), Energy Transfer (ET), Pfizer (PFE), AT&T (T), Ford Motor (F), Alibaba Group (BABA), Bank of America (BAC), Wells Fargo & Company (WFC), Adverum Biotechnologies (ADVM) and Bank of Nova Scotia (BNS).

What is Banco Latinoamericano de Comercio Exterior, S. A.'s stock symbol?

Banco Latinoamericano de Comercio Exterior, S. A. trades on the New York Stock Exchange (NYSE) under the ticker symbol "BLX."

How do I buy shares of Banco Latinoamericano de Comercio Exterior, S. A.?

Shares of BLX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Banco Latinoamericano de Comercio Exterior, S. A.'s stock price today?

One share of BLX stock can currently be purchased for approximately $21.21.

How much money does Banco Latinoamericano de Comercio Exterior, S. A. make?

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) has a market capitalization of $770.56 million and generates $351.28 million in revenue each year. The bank earns $92.04 million in net income (profit) each year or $3.63 on an earnings per share basis.

How can I contact Banco Latinoamericano de Comercio Exterior, S. A.?

Banco Latinoamericano de Comercio Exterior, S. A.'s mailing address is BUSINESS PARK TOWER V AVE. LA ROTONDA COSTA DEL ESTE, Panama City R1, 0819-08730. The official website for the company is www.bladex.com. The bank can be reached via phone at 507-210-8500, via email at ir@bladex.com, or via fax at 507-269-6333.

This page (NYSE:BLX) was last updated on 9/29/2023 by MarketBeat.com Staff

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