Bank of East Asia (OTCMKTS:BKEAY) Cut to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Bank of East Asia (OTCMKTS:BKEAY) from a hold rating to a sell rating in a research note issued to investors on Thursday, reports.

According to Zacks, “Bank E Asia has dedicated itself to service on behalf of the people of Hong Kong and customers in China and overseas. BEA is the largest independent local bank in Hong Kong. BEA offers a full range of wholesale and retail banking services covering corporate banking, personal banking, investment banking and China services. Products ranging from deposits, foreign currency savings, mortgage loans, consumer loans, credit cards, Cyberbanking, Mandatory Provident Fund services, trade finance, syndicated loans, remittances and foreign exchange margin trading. “

Separately, CICC Research lowered Bank of East Asia from a hold rating to a sell rating in a research note on Thursday, June 13th.

BKEAY traded down $0.08 during midday trading on Thursday, hitting $2.47. The stock had a trading volume of 476 shares, compared to its average volume of 3,911. The company has a market cap of $7.00 billion, a P/E ratio of 9.48 and a beta of 0.98. The business has a fifty day moving average of $2.63 and a 200 day moving average of $2.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.94 and a current ratio of 0.94. Bank of East Asia has a 1 year low of $2.45 and a 1 year high of $3.87.

The company also recently announced a Semi-Annual dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Thursday, September 5th will be paid a $0.012 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. Bank of East Asia’s dividend payout ratio is currently 7.69%.

Bank of East Asia Company Profile

The Bank of East Asia, Limited provides various banking and related financial services. It operates through eight segments: Personal Banking, Corporate Banking, Treasury Markets, Wealth Management, Financial Institutions, Others, Mainland China Operations, and Overseas Operations. The company offers various commercial and personal banking, financial, and insurance services.

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