Foreign Trade Bank of Latin America (NYSE:BLX) posted its quarterly earnings data on Friday. The bank reported $0.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.09), Morningstar.com reports. The firm had revenue of $30.74 million for the quarter, compared to analyst estimates of $36.82 million. Foreign Trade Bank of Latin America had a return on equity of 7.97% and a net margin of 33.53%.

NYSE BLX opened at $27.42 on Friday. The company has a market cap of $1,079.39, a PE ratio of 13.92 and a beta of 1.58. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.52 and a quick ratio of 1.63. Foreign Trade Bank of Latin America has a 1-year low of $25.51 and a 1-year high of $30.50.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 17th. Stockholders of record on Wednesday, May 2nd will be issued a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a dividend yield of 5.62%. The ex-dividend date is Tuesday, May 1st. Foreign Trade Bank of Latin America’s payout ratio is 74.04%.

Institutional investors have recently modified their holdings of the stock. Meeder Asset Management Inc. increased its holdings in shares of Foreign Trade Bank of Latin America by 309.6% in the fourth quarter. Meeder Asset Management Inc. now owns 10,935 shares of the bank’s stock valued at $293,000 after purchasing an additional 8,265 shares in the last quarter. Hanson & Doremus Investment Management acquired a new stake in shares of Foreign Trade Bank of Latin America in the fourth quarter valued at approximately $4,187,000. Finally, Paradice Investment Management LLC increased its holdings in shares of Foreign Trade Bank of Latin America by 2.0% in the fourth quarter. Paradice Investment Management LLC now owns 1,950,944 shares of the bank’s stock valued at $52,480,000 after purchasing an additional 37,708 shares in the last quarter. 15.80% of the stock is owned by institutional investors and hedge funds.

BLX has been the subject of several recent analyst reports. JPMorgan Chase raised shares of Foreign Trade Bank of Latin America from an “underweight” rating to a “neutral” rating and set a $28.00 price objective for the company in a report on Thursday, February 15th. Zacks Investment Research lowered shares of Foreign Trade Bank of Latin America from a “hold” rating to a “sell” rating in a report on Friday, February 16th.

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About Foreign Trade Bank of Latin America

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.

Earnings History for Foreign Trade Bank of Latin America (NYSE:BLX)

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