Banco Latinoamericano de Comercio Exterior, S. A. (BLX) Set to Announce Quarterly Earnings on Thursday

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) is scheduled to be releasing its earnings data after the market closes on Thursday, April 18th. Investors that wish to listen to the company’s conference call can do so using this link.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last posted its quarterly earnings data on Thursday, February 22nd. The bank reported $1.27 earnings per share for the quarter. The business had revenue of $77.79 million during the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a return on equity of 14.49% and a net margin of 23.34%. On average, analysts expect Banco Latinoamericano de Comercio Exterior, S. A. to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Banco Latinoamericano de Comercio Exterior, S. A. Stock Performance

NYSE BLX opened at $29.61 on Thursday. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 6.49 and a beta of 1.21. Banco Latinoamericano de Comercio Exterior, S. A. has a twelve month low of $17.09 and a twelve month high of $30.65. The stock has a fifty day simple moving average of $27.19 and a 200 day simple moving average of $25.00. The company has a quick ratio of 1.00, a current ratio of 2.08 and a debt-to-equity ratio of 3.62.

Banco Latinoamericano de Comercio Exterior, S. A. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Monday, March 4th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.75%. This is an increase from Banco Latinoamericano de Comercio Exterior, S. A.’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, March 1st. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio is presently 43.86%.

Institutional Trading of Banco Latinoamericano de Comercio Exterior, S. A.

A hedge fund recently raised its stake in Banco Latinoamericano de Comercio Exterior, S. A. stock. Rhumbline Advisers grew its holdings in shares of Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) by 4.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,498 shares of the bank’s stock after acquiring an additional 2,089 shares during the period. Rhumbline Advisers owned 0.13% of Banco Latinoamericano de Comercio Exterior, S. A. worth $986,000 as of its most recent SEC filing. 19.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Banco Latinoamericano de Comercio Exterior, S. A. from a “buy” rating to a “hold” rating in a report on Tuesday, February 27th.

About Banco Latinoamericano de Comercio Exterior, S. A.

Banco Latinoamericano de Comercio Exterior, S. A., 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 also offers bilateral loans; structured loans including syndicated and clubbed, such as acquisition and pre-export financing, A/B loan financing, bridge loans, and liability management; and project financing.