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

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) posted 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%

Banco Latinoamericano de Comercio Exterior stock traded down $0.44 during mid-day trading on Monday, reaching $59.20. 156,832 shares of the company’s stock were exchanged, compared to its average volume of 167,618. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 2.40. Banco Latinoamericano de Comercio Exterior has a twelve month low of $38.41 and a twelve month high of $63.19. The company has a market cap of $2.20 billion, a P/E ratio of 9.83 and a beta of 0.79. The company has a fifty day moving average of $58.26 and a 200-day moving average of $53.08.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Banco Latinoamericano de Comercio Exterior from a “buy (a)” rating to a “buy (a-)” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company presently has an average 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.