Agri Bank China (OTCMKTS:ACGBY) Sees Strong Trading Volume - Should You Buy?

Key Points

• Agri Bank China shares saw a 90% increase in trading volume, with approximately 57,553 shares traded compared to 30,254 shares the previous session.
• The company's recent quarterly earnings report indicated a revenue of $25.31 billion and an EPS of $0.62, with a net margin of 20.80%.
• A dividend increase has been announced, with the latest payout being $0.3231 per share, up from $0.31, representing a yield of 358.0%.

Agri Bank China (OTCMKTS:ACGBY - Get Free Report) saw strong trading volume on Wednesday . 57,553 shares traded hands during trading, an increase of 90% from the previous session's volume of 30,254 shares.The stock last traded at $17.43 and had previously closed at $17.53.

Agri Bank China Trading Down 1.0%

The business has a fifty day moving average price of $17.15 and a 200 day moving average price of $16.41. The company has a market capitalization of $238.13 billion, a PE ratio of 6.57 and a beta of 0.11. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.88 and a current ratio of 0.88.

Agri Bank China (OTCMKTS:ACGBY - Get Free Report) last issued its quarterly earnings data on Friday, August 29th. The company reported $0.62 earnings per share for the quarter. The firm had revenue of $25.31 billion during the quarter. Agri Bank China had a return on equity of 9.26% and a net margin of 20.80%.

Agri Bank China Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, September 11th. Stockholders of record on Friday, July 11th were given a dividend of $0.3231 per share. This represents a dividend yield of 358.0%. This is a boost from Agri Bank China's previous dividend of $0.31. The ex-dividend date of this dividend was Thursday, July 10th. Agri Bank China's payout ratio is presently 25.10%.

About Agri Bank China

Agricultural Bank of China Limited, together with its subsidiaries, provides banking products and services. The company operates through Corporate Banking, Personal Banking, and Treasury Operations segments. It offers demand, personal call, foreign currency call, time or demand optional, foreign exchange call, foreign exchange time, savings, agreed term, and negotiated deposit accounts, as well as certificates of deposit; and loans, including housing, consumer, business, fixed asset, working capital, real estate, and entrusted syndicated loans, as well as trade finances, guarantees and commitments, and loans with custody of export rebates accounts.