Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Insider Acquires $93,882.88 in Stock

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) insider Adriana Lizzeth Diaz purchased 1,792 shares of the firm’s stock in a transaction that occurred on Friday, October 30th. The shares were bought at an average price of $52.39 per share, with a total value of $93,882.88. Following the acquisition, the insider directly owned 15,090 shares of the company’s stock, valued at $790,565.10. This represents a 13.48% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Banco Latinoamericano de Comercio Exterior Stock Up 3.4%

Shares of BLX traded up $1.65 during trading hours on Monday, reaching $50.59. 115,625 shares of the stock traded hands, compared to its average volume of 169,041. Banco Latinoamericano de Comercio Exterior, S.A. has a 52 week low of $42.29 and a 52 week high of $63.19. The company has a current ratio of 1.70, a quick ratio of 1.49 and a debt-to-equity ratio of 3.34. The stock has a fifty day simple moving average of $54.48 and a 200 day simple moving average of $54.02. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 8.34 and a beta of 0.84.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last issued its quarterly earnings results on Monday, October 26th. The bank reported $1.48 EPS for the quarter. The business had revenue of $99.12 million for the quarter. Banco Latinoamericano de Comercio Exterior had a return on equity of 13.96% and a net margin of 27.91%.

Banco Latinoamericano de Comercio Exterior Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Friday, November 6th will be given a dividend of $0.6875 per share. This represents a $2.75 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Friday, November 6th. Banco Latinoamericano de Comercio Exterior’s dividend payout ratio is currently 45.38%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Banco Latinoamericano de Comercio Exterior from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, October 16th. One investment analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, Banco Latinoamericano de Comercio Exterior presently has a consensus rating of “Strong Buy”.

About Banco Latinoamericano de Comercio Exterior

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.