Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Posts Quarterly Earnings Results, Beats Expectations By $0.33 EPS

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) released its quarterly earnings data on Thursday. The bank reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.33, Zacks reports. The business had revenue of $78.40 million during the quarter, compared to the consensus estimate of $54.84 million. Banco Latinoamericano de Comercio Exterior, S. A. had a return on equity of 16.01% and a net margin of 24.29%.

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

NYSE BLX opened at $42.31 on Friday. Banco Latinoamericano de Comercio Exterior, S. A. has a 1-year low of $27.05 and a 1-year high of $42.39. The business’s 50-day simple moving average is $37.52 and its 200-day simple moving average is $34.41. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.77 and a quick ratio of 1.77. The firm has a market capitalization of $1.55 billion, a P/E ratio of 7.73 and a beta of 1.16.

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

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.625 per share. The ex-dividend date is Monday, March 10th. This is a positive change from Banco Latinoamericano de Comercio Exterior, S. A.’s previous quarterly dividend of $0.50. This represents a $2.50 annualized dividend and a yield of 5.91%. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio is currently 36.56%.

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.