Agri Bank China (OTCMKTS:ACGBY) Announces Quarterly Earnings Results

Agri Bank China (OTCMKTS:ACGBY) announced its quarterly earnings data on Friday. The company reported $0.93 EPS for the quarter, Zacks reports. Agri Bank China had a net margin of 21.51% and a return on equity of 9.38%.

Agri Bank China Stock Performance

Shares of ACGBY traded up $0.31 during mid-day trading on Friday, hitting $22.24. 67,655 shares of the company traded hands, compared to its average volume of 33,987. The stock has a market cap of $311.34 billion, a price-to-earnings ratio of 7.70 and a beta of 0.10. The stock has a 50-day moving average price of $20.71 and a two-hundred day moving average price of $18.76. Agri Bank China has a 1 year low of $15.85 and a 1 year high of $23.19. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.87 and a current ratio of 0.87.

Wall Street Analyst Weigh In

Separately, Zacks Research began coverage on shares of Agri Bank China in a research note on Tuesday. They issued a “hold” rating on the stock. Two research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Agri Bank China Company Profile

Agricultural Bank of China Limited, also known as AgBank, is a major commercial bank headquartered in Beijing, China. Established in 1951, the bank has historically focused on supporting China’s agricultural sector and rural communities while expanding into a full-service financial institution serving individuals, businesses and government-related organizations.

The bank provides a broad range of services, including personal and corporate deposits and loans, payment and settlement services, wealth management, credit cards, investment banking, custody, foreign-exchange services and other financial products.