Bank of Communications (OTCMKTS:BCMXY) Sets New 1-Year High – Here’s Why

Bank of Communications Co., Ltd. (OTCMKTS:BCMXY)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $20.31 and last traded at $20.31, with a volume of 218 shares. The stock had previously closed at $20.00.

Bank of Communications Price Performance

The business’s 50 day simple moving average is $19.37 and its 200 day simple moving average is $18.69. The stock has a market cap of $61.79 billion, a P/E ratio of 5.17 and a beta of -0.05.

Bank of Communications (OTCMKTS:BCMXY) last posted its earnings results on Wednesday, October 30th. The bank reported $0.98 EPS for the quarter. The business had revenue of $18.66 billion during the quarter. Bank of Communications had a return on equity of 7.57% and a net margin of 15.61%.

Bank of Communications Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, January 17th will be given a $0.4913 dividend. The ex-dividend date of this dividend is Friday, January 17th. Bank of Communications’s dividend payout ratio (DPR) is presently 24.38%.

About Bank of Communications

Bank of Communications Co, Ltd. provides commercial banking products and services in China. The company offers savings deposit products, including demand deposits, lump-sum deposits and withdrawal, time deposit of small savings for lump-sum withdrawal, interest withdrawal on principal deposited, time-demand deposit, call deposit, swap management, and education deposit; personal certificate of deposit; salary financing A; and foreign currency deposit.