Bank of Communications (OTCMKTS:BCMXY) Hits New 52-Week High – Still a Buy?

Bank of Communications Co., Ltd. (OTCMKTS:BCMXY) shares reached a new 52-week high on Tuesday . The stock traded as high as $21.30 and last traded at $20.50, with a volume of 3056 shares. The stock had previously closed at $20.80.

Bank of Communications Stock Down 1.4 %

The stock’s 50-day simple moving average is $19.43 and its 200 day simple moving average is $18.74. The firm has a market cap of $60.90 billion, a P/E ratio of 5.10 and a beta of -0.05.

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

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 issued a $0.4913 dividend. The ex-dividend date is Friday, January 17th. Bank of Communications’s payout ratio is currently 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.