Agri Bank China (OTCMKTS:ACGBY) Posts Quarterly Earnings Results

Agri Bank China (OTCMKTS:ACGBY) released its earnings results on Friday. The company reported $0.93 earnings per share for the quarter, Zacks reports. The business 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. Agri Bank China has a 52-week low of $15.85 and a 52-week 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 fifty day moving average price of $20.76 and a two-hundred day moving average price of $18.78. The firm has a market capitalization of $311.34 billion, a P/E ratio of 7.29 and a beta of 0.10.

Wall Street Analysts Forecast Growth

Separately, Zacks Research started coverage on Agri Bank China in a research report on Tuesday, October 27th. They set a “hold” rating on the stock. Two analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company 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.