Bank of China (OTCMKTS:BACHY) Reaches New 12-Month High – Still a Buy?

Shares of Bank of China Limited (OTCMKTS:BACHY) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $13.20 and last traded at $12.90, with a volume of 30936 shares. The stock had previously closed at $12.95.

Wall Street Analysts Forecast Growth

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

Bank of China Trading Down 0.4 %

The firm has a market cap of $151.90 billion, a P/E ratio of 5.06 and a beta of 0.17. The stock has a 50 day simple moving average of $12.27 and a 200-day simple moving average of $11.73.

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

Bank of China Cuts Dividend

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

About Bank of China

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.