Bank of China (OTCMKTS:BACHY) Sets New 1-Year High – What’s Next?

Bank of China Limited (OTCMKTS:BACHY)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $13.20 and last traded at $12.90, with a volume of 30936 shares changing hands. The stock had previously closed at $12.95.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised shares of Bank of China from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th.

Bank of China Price Performance

The firm has a market capitalization of $151.90 billion, a price-to-earnings ratio of 5.06 and a beta of 0.17. The business has a 50 day moving average of $12.27 and a 200 day moving average of $11.73.

Bank of China (OTCMKTS:BACHY) last announced its earnings results on Wednesday, October 30th. The bank reported $0.66 earnings per share (EPS) for the quarter. Bank of China had a net margin of 17.35% and a return on equity of 7.81%. The company had revenue of $44.42 billion for the quarter.

Bank of China Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, January 14th will be paid a $0.3231 dividend. The ex-dividend date is Tuesday, January 14th. Bank of China’s payout ratio is presently 25.49%.

Bank of China Company Profile

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.