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

Agri Bank China logo with Finance background

Agri Bank China (OTCMKTS:ACGBY - Get Free Report)'s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $17.89, but opened at $17.50. Agri Bank China shares last traded at $17.66, with a volume of 18,225 shares trading hands.

Agri Bank China Trading Down 1.6%

The stock has a market cap of $245.13 billion, a PE ratio of 6.76 and a beta of 0.06. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a fifty day moving average price of $16.88 and a 200 day moving average price of $15.30.

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 (EPS) for the quarter. Agri Bank China had a return on equity of 9.22% and a net margin of 20.46%. The company had revenue of $25.68 billion during the quarter.

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 represents a dividend yield of 3.58%. The ex-dividend date is Thursday, July 10th. This is a positive change from Agri Bank China's previous dividend of $0.31. Agri Bank China's dividend payout ratio (DPR) is 25.10%.

About Agri Bank China

(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.

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