Bank of East Asia (OTCMKTS:BKEAY) Upgraded by Zacks Investment Research to “Hold”

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Zacks Investment Research upgraded shares of Bank of East Asia (OTCMKTS:BKEAY) from a sell rating to a hold rating in a report published on Wednesday, 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. “

A number of other brokerages have also weighed in on BKEAY. ValuEngine upgraded shares of Bank of East Asia from a sell rating to a hold rating in a report on Wednesday, October 2nd. CICC Research lowered shares of Bank of East Asia from a hold rating to a sell rating in a report on Thursday, June 13th.

Shares of BKEAY opened at $2.34 on Wednesday. Bank of East Asia has a twelve month low of $2.34 and a twelve month high of $3.87. The firm’s fifty day simple moving average is $2.47 and its 200-day simple moving average is $2.84. The firm has a market capitalization of $6.75 billion, a price-to-earnings ratio of 9.00 and a beta of 0.96.

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

About Bank of East Asia

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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