Bank of Communications (OTCMKTS:BCMXY) Hits New 1-Year High – Still a Buy?

Posted by Doug Wharley on Jan 22nd, 2025

Bank of Communications Co., Ltd. (OTCMKTS:BCMXY – Get Free Report) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $20.31 and last traded at $20.31, with a volume of 218 shares changing hands. The stock had previously closed at $20.00.

Bank of Communications Stock Performance

The stock’s fifty day simple moving average is $19.35 and its 200-day simple moving average is $18.66. The company has a market capitalization of $60.34 billion, a PE ratio of 5.05 and a beta of -0.05.

Bank of Communications (OTCMKTS:BCMXY – Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The bank reported $0.98 earnings per share for the quarter. The company had revenue of $18.66 billion for 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 announced a dividend, which will be paid on Friday, February 28th. Investors 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 currently 24.38%.

Bank of Communications Company Profile

(Get Free Report)

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.