China Merchants Bank (OTCMKTS:CIHKY) Issues Quarterly Earnings Results

China Merchants Bank (OTCMKTS:CIHKY) released its quarterly earnings results on Wednesday. The company reported $1.08 earnings per share (EPS) for the quarter, Zacks reports. China Merchants Bank had a net margin of 32.75% and a return on equity of 12.10%.

China Merchants Bank Stock Down 5.3%

Shares of China Merchants Bank stock traded down $1.68 during trading on Wednesday, reaching $30.04. 12,500 shares of the company traded hands, compared to its average volume of 37,888. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.81 and a quick ratio of 0.81. China Merchants Bank has a 1-year low of $26.56 and a 1-year high of $37.15. The company has a 50 day moving average price of $31.63 and a 200-day moving average price of $32.02. The firm has a market capitalization of $151.52 billion, a PE ratio of 7.57 and a beta of 0.27.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of China Merchants Bank to a “hold” rating in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, China Merchants Bank has an average rating of “Hold”.

About China Merchants Bank

China Merchants Bank (OTCMKTS: CIHKY) is a major Chinese commercial bank headquartered in Shenzhen. Established in 1987 as one of the country’s early joint-stock commercial banks, it has grown into a full-service banking group serving individual, small and medium-sized enterprise (SME), and corporate clients. The bank is part of the broader China Merchants Group ecosystem and maintains listings on domestic and international exchanges to facilitate investor access.

The bank’s core businesses encompass retail banking, corporate and commercial banking, private banking and wealth management, credit cards, transaction banking and trade finance, treasury and markets, and asset management.