Shares of Bank of China Limited (OTCMKTS:BACHY - Get Free Report) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $14.31 and traded as high as $15.05. Bank of China shares last traded at $14.75, with a volume of 80,100 shares traded.
Analyst Upgrades and Downgrades
Separately, Bank of America reaffirmed a "neutral" rating on shares of Bank of China in a research note on Thursday, March 27th.
View Our Latest Stock Analysis on BACHY
Bank of China Stock Performance
The firm has a market capitalization of $170.04 billion, a PE ratio of 5.66 and a beta of 0.16. The company has a fifty day simple moving average of $14.30 and a two-hundred day simple moving average of $13.42.
Bank of China (OTCMKTS:BACHY - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The bank reported $0.62 earnings per share for the quarter, hitting analysts' consensus estimates of $0.62. The company had revenue of $22.70 billion during the quarter, compared to analyst estimates of $146.27 billion. Bank of China had a net margin of 17.35% and a return on equity of 7.81%.
Bank of China Cuts Dividend
The firm also recently declared a dividend, which will be paid on Monday, June 9th. Stockholders of record on Thursday, April 24th will be issued a $0.3063 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a dividend yield of 9.32%. Bank of China's dividend payout ratio is currently 23.46%.
About Bank of China
(
Get Free Report)
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.
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