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: 0.56
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

3.5

Analyst's Opinion

Consensus Rating
Banco Latinoamericano de Comercio Exterior, S. A. has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $37.50, Banco Latinoamericano de Comercio Exterior, S. A. has a forecasted upside of 76.8% from its current price of $21.21.
Amount of Analyst Coverage
Banco Latinoamericano de Comercio Exterior, S. A. has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.73% of the float of Banco Latinoamericano de Comercio Exterior, S. A. has been sold short.
Short Interest Ratio / Days to Cover
Banco Latinoamericano de Comercio Exterior, S. A. has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Banco Latinoamericano de Comercio Exterior, S. A. has recently decreased by 14.96%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Leadership
Banco Latinoamericano de Comercio Exterior, S. A. is a leading dividend payer. It pays a dividend yield of 4.63%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Banco Latinoamericano de Comercio Exterior, S. A. does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Banco Latinoamericano de Comercio Exterior, S. A. is 27.55%. This payout ratio is at a healthy, sustainable level, below 75%.

2.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Banco Latinoamericano de Comercio Exterior, S. A. has received a -2.47% net impact score from Upright. Banco Latinoamericano uses resources or causes negative impacts mostly in categories "Scarce human capital", "GHG emissions", and "Biodiversity". The negative contribution in the "GHG emissions" impact category seems to be driven mostly by its "Development loans for corporations", "Debt capital raising services", and "Syndicate loans" products. See details.
Environmental Sustainability
The Environmental Impact score for Banco Latinoamericano de Comercio Exterior, S. A. is -0.85.

2.5

News and Social Media Coverage

News Sentiment
Banco Latinoamericano de Comercio Exterior, S. A. has a news sentiment score of 0.56. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.70 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Banco Latinoamericano de Comercio Exterior, S. A. this week, compared to 1 article on an average week.
Search Interest
13 people have searched for BLX on MarketBeat in the last 30 days. This is an increase of 18% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Banco Latinoamericano de Comercio Exterior, S. A. to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Banco Latinoamericano de Comercio Exterior, S. A. insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.20% of the stock of Banco Latinoamericano de Comercio Exterior, S. A. is held by insiders.
Percentage Held by Institutions
Only 7.02% of the stock of Banco Latinoamericano de Comercio Exterior, S. A. is held by institutions.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Banco Latinoamericano de Comercio Exterior, S. A. is 5.84, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.32.
Price to Earnings Ratio vs. Sector
The P/E ratio of Banco Latinoamericano de Comercio Exterior, S. A. is 5.84, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 72.77.
Price to Book Value per Share Ratio
Banco Latinoamericano de Comercio Exterior, S. A. has a P/B Ratio of 0.72. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

BLX Stock News Headlines

September 27, 2023 | americanbankingnews.com

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Shares Pass Above 200 Day Moving Average of $20.72

September 20, 2023 | finance.yahoo.com

Individual investors account for 55% of Banco Latinoamericano de Comercio Exterior, S. A.'s (NYSE:BLX) ownership, while institutions account for 38%

September 29, 2023 | Behind the Markets (Ad)

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September 19, 2023 | americanbankingnews.com

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Shares Pass Above Two Hundred Day Moving Average of $20.55

September 14, 2023 | finance.yahoo.com

Bladex acts as joint lead arranger for Ecopetrol US$1bn term loan facility

September 2, 2023 | investing.com

Foreign Trade Bank of Latin America Inc (BLX)

August 17, 2023 | finance.yahoo.com

Bladex and BTG Pactual successfully lead the first syndicated loan for GeoPark Colombia S.A.S. for US$80,000,000 2-year Senior Unsecured Committed Facility

August 16, 2023 | finance.yahoo.com

12 Best Places to Retire in Panama

September 29, 2023 | Behind the Markets (Ad)

BREAKING: The truth about war with China

August 15, 2023 | msn.com

BMO Capital Maintains Banco Latinoamericano De Comercio Exterior SA - Class E (BLX) Outperform Recommendation

August 11, 2023 | seekingalpha.com

Bladex: A Speculative LatAm Play With Growth, Value, And Momentum

July 21, 2023 | seekingalpha.com

Banco Latinoamericano de Comercio Exterior, S. A. 2023 Q2 - Results - Earnings Call Presentation

July 20, 2023 | finance.yahoo.com

BLADEX ANNOUNCES QUARTERLY DIVIDEND PAYMENT FOR SECOND QUARTER 2023

July 5, 2023 | finance.yahoo.com

Bladex's social and environmental commitment - Transforming plastic waste to rebuild a bridge in Puerto Caimito, Panama

July 3, 2023 | finance.yahoo.com

BLADEX'S SECOND QUARTER 2023 CONFERENCE CALL

June 29, 2023 | msn.com

Barclays Initiates Coverage of Banco Latinoamericano De Comercio Exterior SA - Class E (BLX) with Overweight Recommendation

June 15, 2023 | finance.yahoo.com

Those who invested in Banco Latinoamericano de Comercio Exterior S. A (NYSE:BLX) three years ago are up 113%

June 1, 2023 | msn.com

Benzinga's Top Ratings Upgrades, Downgrades For June 1, 2023

May 19, 2023 | finance.yahoo.com

With EPS Growth And More, Banco Latinoamericano de Comercio Exterior S. A (NYSE:BLX) Makes An Interesting Case

April 27, 2023 | finance.yahoo.com

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Q1 2023 Earnings Call Transcript

April 24, 2023 | finance.yahoo.com

BLADEX ANNOUNCES NEW BOARD MEMBER AND CANDIDATE FOR BOARD OF DIRECTORS AT THE 2023 ANNUAL GENERAL SHAREHOLDERS MEETING

April 22, 2023 | finance.yahoo.com

Banco Latinoamericano de Comercio Exterior S. A's (NYSE:BLX) Dividend Will Be $0.25

April 21, 2023 | seekingalpha.com

Banco Latinoamericano de Comercio Exterior, S. A. 2023 Q1 - Results - Earnings Call Presentation

April 20, 2023 | msn.com

Banco Latinoamericano De Comercio Exterior SA - Class E (BLX) Declares $0.25 Dividend

April 18, 2023 | finance.yahoo.com

BLADEX ANNOUNCES NET PROFIT OF $37.0 MILLION OR $1.02 PER SHARE, EXPANDING ITS ANNUALIZED RETURN ON EQUITY TO 13.7% FOR 1Q23

April 18, 2023 | finance.yahoo.com

BLADEX ANNOUNCES QUARTERLY DIVIDEND PAYMENT FOR FIRST QUARTER 2023

April 13, 2023 | finance.yahoo.com

Banco Latinoamericano de Comercio Exterior, S. A.'s (NYSE:BLX) top owners are individual investors with 55% stake, while 38% is held by institutions

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

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Commercial banks, not elsewhere classified
Sub-Industry: Diversified Banks
Sector: Finance
Current Symbol: NYSE:BLX
CUSIP: P1699413
CIK: 890541
Web: www.bladex.com
Phone: 507-210-8500
Fax: 507-269-6333
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

EPS (Most Recent Fiscal Year): $3.63
Trailing P/E Ratio: 5.84
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $92.04 million
Net Margins: 24.18%
Pretax Margin: 24.17%
Return on Equity: 12.16%
Return on Assets: 1.39%

Debt

Debt-to-Equity Ratio: 3.59
Current Ratio: 1.84
Quick Ratio: 1.84

Sales & Book Value

Annual Sales: $351.28 million
Price / Sales: 2.19
Cash Flow: $2.56 per share
Price / Cash Flow: 8.29
Book Value: $29.44 per share
Price / Book: 0.72

Miscellaneous

Outstanding Shares: 36,330,000
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

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

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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