Key Points
- Insider purchase: Adriana Lizzeth Diaz bought 1,792 BLX shares at an average price of $52.39, investing $93,882.88 and increasing her holdings by 13.48% to 15,090 shares.
- Financial performance: Bladex reported quarterly earnings of $1.48 per share on $99.12 million in revenue, with a 14.11% return on equity and a 27.91% net margin.
- Dividend and rating: The bank declared a quarterly dividend of $0.6875, equivalent to a 5.4% annualized yield, while Weiss Ratings upgraded the stock to “buy (a-),” supporting an overall “Strong Buy” analyst rating.
Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX - Get Free Report) insider Adriana Lizzeth Diaz purchased 1,792 shares of Banco Latinoamericano de Comercio Exterior stock in a transaction that occurred on Friday, October 30th. The shares were purchased at an average price of $52.39 per share, for a total transaction of $93,882.88. Following the transaction, the insider directly owned 15,090 shares in the company, valued at $790,565.10. This represents a 13.48% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Banco Latinoamericano de Comercio Exterior Stock Performance
Shares of NYSE:BLX opened at $50.65 on Tuesday. Banco Latinoamericano de Comercio Exterior, S.A. has a 1 year low of $42.29 and a 1 year high of $63.19. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 8.36 and a beta of 0.80. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.49 and a quick ratio of 1.49. The company's 50 day simple moving average is $54.43 and its 200 day simple moving average is $54.06.
Banco Latinoamericano de Comercio Exterior (NYSE:BLX - Get Free Report) last released its earnings results on Monday, October 26th. The bank reported $1.48 earnings per share for the quarter. Banco Latinoamericano de Comercio Exterior had a return on equity of 14.11% and a net margin of 27.91%. The firm had revenue of $99.12 million during the quarter.
Banco Latinoamericano de Comercio Exterior Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Friday, November 6th will be paid a $0.6875 dividend. The ex-dividend date is Friday, November 6th. This represents a $2.75 annualized dividend and a dividend yield of 5.4%. Banco Latinoamericano de Comercio Exterior's dividend payout ratio (DPR) is presently 45.38%.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised Banco Latinoamericano de Comercio Exterior from a "buy (b+)" rating to a "buy (a-)" rating in a report on Friday, October 16th. One analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, Banco Latinoamericano de Comercio Exterior presently has an average rating of "Strong Buy".
View Our Latest Stock Analysis on BLX
Banco Latinoamericano de Comercio Exterior Company Profile
(
Get Free Report)
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.
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