Agri Bank China (OTCMKTS:ACGBY) Sees Strong Trading Volume - Time to Buy?

Key Points

• Agri Bank China (OTCMKTS:ACGBY) experienced a significant increase in trading volume, with approximately 46,909 shares traded on Monday, representing a 65% rise from the previous session.
• The bank's stock decreased by 1.3% to close at $17.56, while maintaining a market cap of $245.58 billion and a PE ratio of 6.77.
• Agri Bank China declared an increased dividend of $0.3231 per share, reflecting a robust dividend yield of 358.0% and a payout ratio of 25.10%.

Shares of Agri Bank China (OTCMKTS:ACGBY - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 46,909 shares traded hands during trading, an increase of 65% from the previous session's volume of 28,356 shares.The stock last traded at $17.56 and had previously closed at $17.78.

Agri Bank China Price Performance

The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.99. The stock has a market cap of $238.69 billion, a P/E ratio of 6.58 and a beta of 0.08. The firm's fifty day moving average price is $17.34 and its 200-day moving average price is $16.09.

Agri Bank China Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, July 11th will be issued a $0.3231 dividend. This is a positive change from Agri Bank China's previous dividend of $0.31. This represents a dividend yield of 358.0%. The ex-dividend date is Thursday, July 10th. Agri Bank China's dividend payout ratio (DPR) is 24.71%.

Agri Bank China Company Profile

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.