The Goldman Sachs Group started coverage on shares of Bank of East Asia (OTCMKTS:BKEAY – Get Rating) in a research report report published on Monday morning, The Fly reports. The brokerage issued a neutral rating on the bank's stock.
Separately, HSBC lowered shares of Bank of East Asia from a buy rating to a hold rating in a report on Tuesday, May 31st.
Get Bank of East Asia alerts:Bank of East Asia Stock Performance
BKEAY opened at $1.16 on Monday. The company has a fifty day moving average price of $1.27 and a two-hundred day moving average price of $1.39. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.05. Bank of East Asia has a 52 week low of $1.16 and a 52 week high of $1.82.
Bank of East Asia Cuts Dividend
The company also recently declared a dividend, which will be paid on Monday, October 10th. Stockholders of record on Wednesday, September 7th will be issued a $0.0179 dividend. This represents a dividend yield of 4.77%. The ex-dividend date of this dividend is Tuesday, September 6th.Bank of East Asia Company Profile
(Get Rating)
The Bank of East Asia, Limited, together with its subsidiaries, provides various banking and related financial services. Its personal banking services include corporate, individual, savings, current, time deposit, and supreme accounts; and fixed and call deposits, foreign currency deposits, MAS services, and auto-payroll products, as well as safe deposit boxes and remittance services.
Further Reading
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