Bank of China (OTCMKTS:BACHY) Sets New 12-Month High – Should You Buy?

Shares of Bank of China Limited (OTCMKTS:BACHY) hit a new 52-week high on Monday . The company traded as high as $13.36 and last traded at $12.95, with a volume of 13834 shares changing hands. The stock had previously closed at $12.96.

Wall Street Analysts Forecast Growth

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

Bank of China Stock Performance

The firm has a fifty day moving average of $12.37 and a 200-day moving average of $11.78. The stock has a market capitalization of $152.44 billion, a price-to-earnings ratio of 5.08 and a beta of 0.17.

Bank of China Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, March 6th. Stockholders 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 dividend payout ratio (DPR) is currently 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.