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China Construction Bank (OTCMKTS:CICHY) Shares Gap Up - Still a Buy?

China Construction Bank logo with Finance background

Key Points

  • China Construction Bank stock opened at $22.08 after a gap up from a previous close of $21.15, but closed slightly lower at $21.12 with a trading volume of 126,219 shares.
  • The bank reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97, while its revenue was significantly below expectations at $25.48 billion.
  • China Construction Bank announced a dividend increase to $0.4379 per share, reflecting a yield of 10.12%, which is an increase from its previous dividend of $0.42.
  • Five stocks we like better than China Construction Bank.
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China Construction Bank Corp. (OTCMKTS:CICHY - Get Free Report)'s stock price gapped up prior to trading on Monday . The stock had previously closed at $21.15, but opened at $22.08. China Construction Bank shares last traded at $21.12, with a volume of 126,219 shares trading hands.

China Construction Bank Stock Down 0.1%

The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $264.14 billion, a PE ratio of 5.90 and a beta of 0.18. The stock has a 50-day moving average of $19.73 and a 200 day moving average of $17.85.

China Construction Bank (OTCMKTS:CICHY - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.06). China Construction Bank had a net margin of 24.85% and a return on equity of 10.11%. The business had revenue of $25.48 billion for the quarter, compared to analysts' expectations of $194.14 billion.

China Construction Bank Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, June 12th. Stockholders of record on Monday, May 5th were paid a dividend of $0.4379 per share. The ex-dividend date was Friday, May 2nd. This represents a dividend yield of 10.12%. This is a positive change from China Construction Bank's previous dividend of $0.42. China Construction Bank's dividend payout ratio (DPR) is presently 24.58%.

About China Construction Bank

(Get Free Report)

China Construction Bank Corporation provides various banking and related financial services to individuals and corporate customers in the People's Republic of China and internationally. It operates through Corporate Finance Business, Personal Finance Business, Treasury and Asset Management Business, and Others segments.

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