Bank of China Limited (OTCMKTS:BACHY - Get Free Report) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $14.29 and traded as low as $14.16. Bank of China shares last traded at $14.42, with a volume of 47,180 shares.
Analysts Set New Price Targets
Separately, Bank of America reissued a "neutral" rating on shares of Bank of China in a research report on Thursday, March 27th.
Get Our Latest Research Report on Bank of China
Bank of China Price Performance
The business's 50-day simple moving average is $14.29 and its two-hundred day simple moving average is $13.14. The stock has a market capitalization of $169.80 billion, a price-to-earnings ratio of 5.65 and a beta of 0.16.
Bank of China (OTCMKTS:BACHY - Get Free Report) last posted its 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 17.35% and a return on equity of 7.81%. The business had revenue of $22.70 billion for the quarter, compared to analyst estimates of $146.27 billion.
Bank of China Cuts Dividend
The business also recently announced a dividend, which will be paid on Monday, June 9th. Stockholders of record on Thursday, April 24th will be paid 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 (DPR) is currently 23.46%.
Bank of China Company Profile
(
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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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