Bank of China Ltd. (OTCMKTS:BACHY - Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $14.54, but opened at $15.19. Bank of China shares last traded at $14.77, with a volume of 10,093 shares changing hands.
Analyst Ratings Changes
Separately, Bank of America reissued a "neutral" rating on shares of Bank of China in a research report on Thursday, March 27th.
Check Out Our Latest Analysis on Bank of China
Bank of China Stock Performance
The firm has a market cap of $171.22 billion, a P/E ratio of 5.59 and a beta of 0.17. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.01. The company's 50-day moving average is $14.40 and its two-hundred day moving average is $13.69.
Bank of China (OTCMKTS:BACHY - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The bank reported $0.62 earnings per share for the quarter, meeting the consensus estimate of $0.62. Bank of China had a net margin of 18.97% and a return on equity of 8.21%. The business had revenue of $22.70 billion for the quarter, compared to analysts' expectations of $146.27 billion.
Bank of China Cuts Dividend
The company also recently disclosed a dividend, which was paid on Monday, June 9th. Shareholders of record on Thursday, April 24th were paid a $0.3063 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a yield of 9.32%. Bank of China's dividend payout ratio (DPR) is 23.46%.
Bank of China Company Profile
(
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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