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 earnings per share (EPS) for the quarter, Zacks reports. 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. Price Performance

BLX traded down $0.11 during trading on Thursday, hitting $38.33. 115,982 shares of the company traded hands, compared to its average volume of 106,050. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 2.73. The company has a market cap of $1.40 billion, a PE ratio of 7.01 and a beta of 1.16. The stock’s 50-day simple moving average is $37.34 and its two-hundred day simple moving average is $34.28. Banco Latinoamericano de Comercio Exterior, S. A. has a 1 year low of $27.05 and a 1 year high of $39.40.

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

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Monday, March 10th will be issued a $0.625 dividend. 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.