Banco Latinoamericano de Comerci Extr (BLX) Releases Quarterly Earnings Results

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Banco Latinoamericano de Comerci Extr (NYSE:BLX) released its quarterly earnings results on Wednesday. The bank reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.03, MarketWatch Earnings reports. Banco Latinoamericano de Comerci Extr had a return on equity of 6.99% and a net margin of 4.05%. The firm had revenue of $32.07 million for the quarter, compared to the consensus estimate of $36.60 million.

NYSE:BLX opened at $22.68 on Thursday. The company has a debt-to-equity ratio of 3.54, a quick ratio of 1.59 and a current ratio of 2.45. The stock has a market capitalization of $822.79 million, a P/E ratio of 81.00 and a beta of 1.33. Banco Latinoamericano de Comerci Extr has a 52-week low of $15.31 and a 52-week high of $29.95.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Monday, April 29th will be given a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a dividend yield of 6.79%. The ex-dividend date is Friday, April 26th. Banco Latinoamericano de Comerci Extr’s dividend payout ratio is currently 550.00%.

Several large investors have recently added to or reduced their stakes in BLX. Rhumbline Advisers increased its position in shares of Banco Latinoamericano de Comerci Extr by 43.4% in the fourth quarter. Rhumbline Advisers now owns 43,366 shares of the bank’s stock valued at $750,000 after acquiring an additional 13,131 shares during the last quarter. Motley Fool Wealth Management LLC increased its position in shares of Banco Latinoamericano de Comerci Extr by 2.0% in the fourth quarter. Motley Fool Wealth Management LLC now owns 461,427 shares of the bank’s stock valued at $7,983,000 after acquiring an additional 9,225 shares during the last quarter. Finally, Paradice Investment Management LLC increased its position in shares of Banco Latinoamericano de Comerci Extr by 3.0% in the fourth quarter. Paradice Investment Management LLC now owns 2,389,375 shares of the bank’s stock valued at $41,336,000 after acquiring an additional 69,018 shares during the last quarter. 16.46% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have issued reports on BLX shares. ValuEngine raised Banco Latinoamericano de Comerci Extr from a “strong sell” rating to a “sell” rating in a research note on Friday, December 21st. Zacks Investment Research raised Banco Latinoamericano de Comerci Extr from a “sell” rating to a “hold” rating in a research note on Thursday, December 27th. CIBC reaffirmed a “buy” rating and issued a $23.00 target price on shares of Banco Latinoamericano de Comerci Extr in a research report on Tuesday, January 15th. Finally, BMO Capital Markets reaffirmed an “average” rating and issued a $22.00 target price on shares of Banco Latinoamericano de Comerci Extr in a research report on Sunday, March 3rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Banco Latinoamericano de Comerci Extr currently has a consensus rating of “Hold” and a consensus price target of $22.00.

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About Banco Latinoamericano de Comerci Extr

Banco Latinoamericano de Comercio Exterior, SA, a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. The company operates through two segments, Commercial and Treasury. It offers short and medium-term bilateral, collateral-backed, short and medium term trade, and pre-export financing structured loans; and discounting of notes, cross-border leasing, pre- and post-export financing, import financing, letters of credit, bank guarantees, documentary collection, irrevocable reimbursement undertakings, bankers' acceptance, vendor finance, and ECA-backed financing services.

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Earnings History for Banco Latinoamericano de Comerci Extr (NYSE:BLX)

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