Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Issues Earnings Results

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report) issued its quarterly earnings results on Thursday. The bank reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.33, Zacks reports. The business had revenue of $78.40 million for the quarter, compared to the consensus estimate of $54.84 million. Banco Latinoamericano de Comercio Exterior, S. A. had a net margin of 24.29% and a return on equity of 16.01%.

Banco Latinoamericano de Comercio Exterior, S. A. Price Performance

NYSE BLX traded down $0.72 on Monday, hitting $41.65. 271,819 shares of the company were exchanged, compared to its average volume of 114,163. The firm has a 50 day moving average of $37.52 and a two-hundred day moving average of $34.48. The company has a market cap of $1.52 billion, a P/E ratio of 7.61 and a beta of 1.16. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 2.73. Banco Latinoamericano de Comercio Exterior, S. A. has a 1-year low of $27.09 and a 1-year high of $42.88.

Banco Latinoamericano de Comercio Exterior, S. A. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Monday, March 10th will be given a dividend of $0.625 per share. This is an increase from Banco Latinoamericano de Comercio Exterior, S. A.'s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.50 annualized dividend and a yield of 6.00%. Banco Latinoamericano de Comercio Exterior, S. A.'s dividend payout ratio is 44.64%.

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Banco Latinoamericano de Comercio Exterior, S. A. Company Profile

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.