China Merchants Bank Co. (OTCMKTS:CIHKY - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $35.75, but opened at $33.06. China Merchants Bank shares last traded at $33.54, with a volume of 1,971 shares changing hands.
China Merchants Bank Stock Down 7.2%
The business's fifty day simple moving average is $31.70 and its two-hundred day simple moving average is $29.06. The company has a market cap of $167.26 billion, a PE ratio of 8.50 and a beta of 0.36. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.84 and a quick ratio of 0.84.
China Merchants Bank (OTCMKTS:CIHKY - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $1.02 earnings per share for the quarter. The firm had revenue of $10.16 billion during the quarter. China Merchants Bank had a return on equity of 12.88% and a net margin of 30.77%.
China Merchants Bank Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Thursday, August 14th. Stockholders of record on Friday, July 4th will be given a $1.182 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This is a boost from China Merchants Bank's previous dividend of $1.05. This represents a dividend yield of 3.36%. China Merchants Bank's payout ratio is 30.77%.
China Merchants Bank Company Profile
(
Get Free Report)
China Merchants Bank Co, Ltd., together with its subsidiaries, provides various banking products and services. It operates through Wholesale Finance Business, Retail Finance Business, and Other Business segments. The company offers current, demand, time, call, savings, notice, and renminbi accounts. Its loan products include personal commercial real estate, consumption, housing, and car loans; loans to finance for studying abroad; micro-business loans; mortgage loans for equipment; joint guarantee, special guarantee, and housing mortgage loan; bank acceptance, discount, liquid capital, and fixed asset loans; and loans for vessels.
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