Zacks Investment Research cut shares of Bank of East Asia (OTCMKTS:BKEAY) from a hold rating to a sell rating in a research note published on Thursday, Zacks.com 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 shares of Bank of East Asia from a hold rating to a sell rating in a report on Thursday, June 13th.

OTCMKTS BKEAY traded down $0.08 during trading hours on Thursday, reaching $2.47. The company’s stock had a trading volume of 476 shares, compared to its average volume of 3,911. The firm has a fifty day simple moving average of $2.63 and a 200-day simple moving average of $2.98. The stock has a market cap of $7.00 billion, a P/E ratio of 9.48 and a beta of 0.98. Bank of East Asia has a 52 week low of $2.45 and a 52 week high of $3.87. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.94 and a quick ratio of 0.94.

The firm also recently declared a Semi-Annual dividend, which will be paid on Tuesday, October 15th. Investors of record on Thursday, September 5th will be given a $0.012 dividend. The ex-dividend date is Wednesday, September 4th. Bank of East Asia’s 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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