Bank of China (OTCMKTS:BACHY) Issues Earnings Results, Meets Expectations

Bank of China (OTCMKTS:BACHY - Get Free Report) announced its earnings results on Tuesday. The bank reported $0.62 EPS for the quarter, meeting analysts' consensus estimates of $0.62, Zacks reports. Bank of China had a net margin of 17.35% and a return on equity of 7.81%. The business had revenue of $22.70 billion during the quarter, compared to analysts' expectations of $146.27 billion.

Bank of China Price Performance

Shares of BACHY stock traded down $0.07 during trading on Friday, hitting $13.90. 26,730 shares of the stock traded hands, compared to its average volume of 40,197. Bank of China has a 52-week low of $10.33 and a 52-week high of $15.50. The firm has a market capitalization of $163.68 billion, a P/E ratio of 5.45 and a beta of 0.10. The firm's fifty day moving average price is $14.29 and its 200-day moving average price is $13.06.

Bank of China Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, June 9th. Investors of record on Thursday, April 24th will be paid a dividend of $0.3063 per share. The ex-dividend date is Wednesday, April 23rd. This represents a yield of 9.32%. Bank of China's dividend payout ratio is presently 23.37%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Bank of America reiterated a "neutral" rating on shares of Bank of China in a research report on Thursday, March 27th. The Goldman Sachs Group raised shares of Bank of China from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 9th.

Bank of China Company Profile

Bank of China Limited, together with its subsidiaries, provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally. It operates through six segments: Corporate Banking, Personal Banking, Treasury Operations, Investment Banking, Insurance, and Other.