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

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) announced its quarterly earnings data on Monday. The bank reported $1.77 earnings per share (EPS) for the quarter, Zacks reports. Banco Latinoamericano de Comercio Exterior had a return on equity of 14.36% and a net margin of 27.77%.

Banco Latinoamericano de Comercio Exterior Stock Down 0.7%

Shares of BLX stock traded down $0.44 on Monday, reaching $59.20. 156,832 shares of the stock were exchanged, compared to its average volume of 167,618. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 2.40. The business’s 50 day moving average price is $58.26 and its 200 day moving average price is $53.08. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 9.83 and a beta of 0.79. Banco Latinoamericano de Comercio Exterior has a twelve month low of $38.41 and a twelve month high of $63.19.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Banco Latinoamericano de Comercio Exterior from a “buy (a)” rating to a “buy (a-)” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Banco Latinoamericano de Comercio Exterior has a consensus rating of “Strong Buy”.

About Banco Latinoamericano de Comercio Exterior

Banco Latinoamericano de Comercio Exterior SA, commonly known as BLADEx and traded on the New York Stock Exchange under the symbol BLX, is a multilateral financial institution dedicated to promoting foreign trade and regional integration in Latin America and the Caribbean. Headquartered in Panama City, the bank provides specialized trade finance solutions to corporate clients and financial institutions, helping to facilitate cross-border transactions across key markets in the region. Its services encompass import and export financing, supply chain solutions, project and structured finance, as well as treasury and risk management products.

Established in 1977 by a consortium of 20 Latin American and Caribbean governments in partnership with the Inter-American Development Bank (IDB), BLADEx has a mandate to support economic development through trade facilitation.