Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Insider Acquires $93,882.88 in Stock

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) insider Adriana Lizzeth Diaz bought 1,792 shares of the stock in a transaction dated Friday, October 30th. The stock was bought at an average price of $52.39 per share, with a total value of $93,882.88. Following the purchase, the insider owned 15,090 shares of the company’s stock, valued at approximately $790,565.10. This represents a 13.48% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Banco Latinoamericano de Comercio Exterior Stock Performance

Shares of NYSE:BLX opened at $51.48 on Thursday. The business’s 50-day simple moving average is $54.32 and its 200 day simple moving average is $54.13. The company has a market cap of $1.92 billion, a P/E ratio of 8.47 and a beta of 0.84. The company has a debt-to-equity ratio of 3.34, a quick ratio of 1.49 and a current ratio of 1.70. Banco Latinoamericano de Comercio Exterior, S.A. has a one year low of $42.29 and a one year high of $63.19.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last released its quarterly 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 13.96% and a net margin of 27.91%. The firm had revenue of $99.12 million during the quarter.

Banco Latinoamericano de Comercio Exterior Dividend Announcement

The company also recently announced 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 5.3%. Banco Latinoamericano de Comercio Exterior’s dividend payout ratio is 45.38%.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Banco Latinoamericano de Comercio Exterior from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, October 16th. One investment analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat.com, Banco Latinoamericano de Comercio Exterior presently has a consensus rating of “Strong Buy”.

About Banco Latinoamericano de Comercio Exterior

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.