China Merchants Bank (OTCMKTS:CIHKY) Shares Gap Down - Time to Sell?

Key Points

• China Merchants Bank shares experienced a significant drop, opening at $30.80 after closing at $31.56, with a current trading price of $30.83 and a volume of 4,400 shares.
• The bank recently reported $0.97 earnings per share and $11.80 billion in revenue for the quarter, indicating a strong net margin of 31.42% and a return on equity of 12.50%.
• China Merchants Bank has increased its dividend to $1.182, resulting in a yield of 336.0%, up from the previous $1.05, with a dividend payout ratio of 30.10%.

China Merchants Bank Co. (OTCMKTS:CIHKY - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $31.56, but opened at $30.80. China Merchants Bank shares last traded at $30.83, with a volume of 4,400 shares traded.

China Merchants Bank Stock Performance

The business's 50-day moving average price is $31.75 and its 200-day moving average price is $31.07. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market cap of $152.48 billion, a P/E ratio of 7.71 and a beta of 0.35.

China Merchants Bank (OTCMKTS:CIHKY - Get Free Report) last issued its earnings results on Friday, August 29th. The company reported $0.97 earnings per share for the quarter. The company had revenue of $11.80 billion during the quarter. China Merchants Bank had a net margin of 31.42% and a return on equity of 12.50%.

China Merchants Bank Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, August 14th. Stockholders of record on Friday, July 4th were given a dividend of $1.182 per share. The ex-dividend date was Thursday, July 3rd. This represents a dividend yield of 336.0%. This is a positive change from China Merchants Bank's previous dividend of $1.05. China Merchants Bank's dividend payout ratio is currently 30.10%.

China Merchants Bank Company Profile

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.