Oversea-Chinese Banking Co. Limited (OTCMKTS:OVCHY) – Equities researchers at Jefferies Financial Group increased their FY2021 earnings per share estimates for shares of Oversea-Chinese Banking in a note issued to investors on Tuesday, April 6th. Jefferies Financial Group analyst K. Guha now expects that the company will post earnings of $1.48 per share for the year, up from their previous forecast of $1.46. Jefferies Financial Group also issued estimates for Oversea-Chinese Banking’s FY2023 earnings at $1.73 EPS.
Several other research firms also recently commented on OVCHY. The Goldman Sachs Group raised shares of Oversea-Chinese Banking from a “neutral” rating to a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. raised shares of Oversea-Chinese Banking from a “neutral” rating to an “overweight” rating in a research note on Wednesday, March 10th. Finally, Zacks Investment Research raised Oversea-Chinese Banking from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Wednesday, March 17th.
The company also recently announced a Semi-Annual dividend, which will be paid on Wednesday, July 14th. Stockholders of record on Thursday, May 13th will be issued a $0.212 dividend. This is a boost from Oversea-Chinese Banking’s previous Semi-Annual dividend of $0.20. The ex-dividend date of this dividend is Wednesday, May 12th. Oversea-Chinese Banking’s dividend payout ratio (DPR) is currently 25.00%.
Oversea-Chinese Banking Company Profile
Oversea-Chinese Banking Corporation Limited provides financial services in Singapore, Malaysia, Indonesia, Greater China, other parts of the Asia Pacific, and internationally. The company's Global Consumer/Private Banking segment provides products and services to individual customers, including checking accounts, and savings and fixed deposits; housing and other personal loans; credit cards; wealth management products consisting of unit trusts, banc assurance products, and structured deposits; and brokerage services.
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