Agri Bank China (OTCMKTS:ACGBY) Issues Earnings Results

Agri Bank China (OTCMKTS:ACGBY) released its quarterly earnings data on Friday. The company reported $0.93 earnings per share for the quarter, Zacks reports. The company had revenue of $30.91 billion for the quarter. Agri Bank China had a return on equity of 9.38% and a net margin of 21.51%.

Agri Bank China Stock Performance

Agri Bank China stock opened at $22.24 on Friday. The firm has a 50 day simple moving average of $20.76 and a 200-day simple moving average of $18.78. 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 current ratio of 0.87 and a quick ratio of 0.87. The stock has a market cap of $311.34 billion, a price-to-earnings ratio of 7.59 and a beta of 0.10.

Wall Street Analyst Weigh In

Separately, Zacks Research assumed coverage on Agri Bank China in a report on Tuesday. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a Hold rating. According to MarketBeat, the company currently 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.