Agri Bank China (OTCMKTS:ACGBY) Shares Gap Down - Here's Why

Key Points

• Agri Bank China shares gapped down at market open from $17.85 to $16.89, and last traded at $17.55 with a volume of 666 shares.
• The company reported a quarterly EPS of $0.62 with a net margin of 20.80% and revenue of $25.31 billion.
• Agri Bank China announced an increase in its dividend to $0.3231 per share, reflecting a substantial yield of 358.0%.

Agri Bank China (OTCMKTS:ACGBY - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $17.85, but opened at $16.89. Agri Bank China shares last traded at $17.55, with a volume of 666 shares.

Agri Bank China Stock Performance

The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $245.41 billion, a PE ratio of 6.77 and a beta of 0.11. The firm's 50-day simple moving average is $17.19 and its two-hundred day simple moving average is $16.33.

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

Agri Bank China Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, September 11th. Investors of record on Friday, July 11th were paid a $0.3231 dividend. This represents a dividend yield of 358.0%. The ex-dividend date of this dividend was Thursday, July 10th. This is a boost from Agri Bank China's previous dividend of $0.31. Agri Bank China's dividend payout ratio (DPR) is presently 25.10%.

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.

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