Jefferies Financial Group Comments on The Bank of East Asia, Limited’s FY2022 Earnings (OTCMKTS:BKEAY)

The Bank of East Asia, Limited (OTCMKTS:BKEAYGet Rating) – Equities researchers at Jefferies Financial Group cut their FY2022 earnings per share estimates for Bank of East Asia in a report issued on Saturday, November 5th. Jefferies Financial Group analyst S. Wong now anticipates that the bank will post earnings of $0.16 per share for the year, down from their prior estimate of $0.19. The consensus estimate for Bank of East Asia’s current full-year earnings is $0.14 per share.

Separately, The Goldman Sachs Group assumed coverage on shares of Bank of East Asia in a research note on Monday, September 12th. They issued a “neutral” rating for the company.

Bank of East Asia Stock Performance

Shares of Bank of East Asia stock opened at $1.00 on Tuesday. Bank of East Asia has a 52-week low of $0.90 and a 52-week high of $1.82. The company’s 50-day simple moving average is $1.10 and its 200-day simple moving average is $1.27.

Bank of East Asia Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, October 24th. Shareholders of record on Friday, September 30th were issued a $0.0538 dividend. This represents a dividend yield of 9.41%. The ex-dividend date of this dividend was Thursday, September 29th. This is an increase from Bank of East Asia’s previous dividend of $0.02.

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.

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Earnings History and Estimates for Bank of East Asia (OTCMKTS:BKEAY)

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