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

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) issued its earnings results on Thursday. The bank reported $1.40 EPS for the quarter, Zacks reports. 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

Shares of NYSE:BLX traded down $0.11 during midday trading on Thursday, hitting $38.33. 115,982 shares of the stock were exchanged, compared to its average volume of 106,050. The stock has a market cap of $1.40 billion, a P/E ratio of 7.01 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 twelve month low of $27.05 and a twelve month high of $39.40. The company has a 50 day moving average price of $37.34 and a 200-day moving average price of $34.28.

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. Stockholders of record on Monday, March 10th will be paid a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 6.52%. This is an increase from Banco Latinoamericano de Comercio Exterior, S. A.’s previous quarterly dividend of $0.50. Banco Latinoamericano de Comercio Exterior, S. A.’s payout ratio is 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.