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Agri Bank China (OTCMKTS:ACGBY) Stock Price Down 0.7% - Time to Sell?

Agri Bank China logo with Finance background

Key Points

  • Agri Bank China's stock decreased by 0.7%, trading between $16.00 and $16.39, with a significant increase in trading volume of 99% compared to the average.
  • The bank reported quarterly earnings of $0.65 per share, with a net margin of 20.46% and a revenue of $25.68 billion.
  • Agri Bank China announced a dividend increase to $0.3231 per share, representing a 3.58% yield, with the ex-dividend date set for July 10th.
  • Want stock alerts on Agri Bank China? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Shares of Agri Bank China (OTCMKTS:ACGBY - Get Free Report) fell 0.7% on Tuesday . The stock traded as low as $16.00 and last traded at $16.39. 44,277 shares changed hands during mid-day trading, an increase of 99% from the average session volume of 22,302 shares. The stock had previously closed at $16.50.

Agri Bank China Stock Performance

The company has a market capitalization of $226.37 billion, a PE ratio of 6.24 and a beta of 0.08. The company has a 50 day moving average of $17.21 and a two-hundred day moving average of $15.61. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.88 and a quick ratio of 0.88.

Agri Bank China (OTCMKTS:ACGBY - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.65 earnings per share for the quarter. The company had revenue of $25.68 billion for the quarter. Agri Bank China had a return on equity of 9.22% and a net margin of 20.46%.

Agri Bank China Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, July 11th will be paid a $0.3231 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This is a positive change from Agri Bank China's previous dividend of $0.31. This represents a yield of 358.0%. Agri Bank China's payout ratio is currently 25.10%.

Agri Bank China Company Profile

(Get Free Report)

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.

See Also

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