Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) posted its quarterly earnings results on Friday. The bank reported $0.52 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.04), MarketWatch Earnings reports. Banco Latinoamericano de Comercio Exterior, had a net margin of 31.94% and a return on equity of 8.09%. The business had revenue of $31.07 million during the quarter, compared to the consensus estimate of $37.94 million.

Banco Latinoamericano de Comercio Exterior, (NYSE:BLX) traded up 1.24% during midday trading on Friday, hitting $29.30. 111,425 shares of the stock traded hands. The firm has a market cap of $1.15 billion, a P/E ratio of 14.02 and a beta of 1.61. The company’s 50-day moving average is $28.72 and its 200 day moving average is $27.72. Banco Latinoamericano de Comercio Exterior, has a 12-month low of $25.51 and a 12-month high of $30.51.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Wednesday, November 1st will be issued a $0.385 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $1.54 annualized dividend and a dividend yield of 5.26%. Banco Latinoamericano de Comercio Exterior,’s dividend payout ratio is currently 73.68%.

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BLX has been the subject of several recent research reports. J P Morgan Chase & Co lowered shares of Banco Latinoamericano de Comercio Exterior, from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $28.00 to $26.00 in a report on Friday, July 21st. Zacks Investment Research upgraded shares of Banco Latinoamericano de Comercio Exterior, from a “strong sell” rating to a “hold” rating in a report on Monday, September 25th. Finally, BidaskClub lowered shares of Banco Latinoamericano de Comercio Exterior, from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Banco Latinoamericano de Comercio Exterior, has a consensus rating of “Hold” and a consensus price target of $27.50.

Banco Latinoamericano de Comercio Exterior, Company Profile

Banco Latinoamericano de Comercio Exterior, SA (the Bank) is a specialized multinational bank. The Bank is established to support the financing of trade and economic integration in Latin America and the Caribbean. The Company operates in two segments: Commercial and Treasury. The Bank’s Commercial segment incorporates all of the Bank’s financial intermediation and fees generated by the commercial portfolio activities, such as origination of bilateral and syndicated credits, short- and medium-term loans, acceptances and contingent credits.

Earnings History for Banco Latinoamericano de Comercio Exterior, (NYSE:BLX)

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