Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Announces Earnings Results

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) issued its earnings results on Monday. The bank reported $1.48 earnings per share (EPS) for the quarter, Zacks reports. Banco Latinoamericano de Comercio Exterior had a net margin of 27.77% and a return on equity of 13.77%.

Banco Latinoamericano de Comercio Exterior Price Performance

BLX stock traded down $0.64 during mid-day trading on Monday, reaching $53.27. 225,069 shares of the company traded hands, compared to its average volume of 166,732. The company has a fifty day moving average price of $54.76 and a 200-day moving average price of $56.26. Banco Latinoamericano de Comercio Exterior has a 52-week low of $38.41 and a 52-week high of $63.19. The company has a market capitalization of $1.98 billion, a P/E ratio of 8.79 and a beta of 0.80. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.49 and a quick ratio of 1.49.

Analyst Ratings Changes

Separately, Weiss Ratings raised Banco Latinoamericano de Comercio Exterior from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat, the company currently has an average rating of “Strong Buy”.

Banco Latinoamericano de Comercio Exterior Company Profile

Banco Latinoamericano de Comercio Exterior, SA, commonly known as Bladex, is a multilateral bank that supports international trade and economic integration across Latin America and the Caribbean. Headquartered in Panama, the bank provides financing and related services to financial institutions, corporations and other eligible counterparties engaged in regional and international commerce.

Bladex offers trade finance, commercial lending, structured financing, letters of credit, guarantees and treasury-related services.