Chiba Bank (OTCMKTS:CHBAY) Shares Gap Up – Time to Buy?

Chiba Bank Ltd. (OTCMKTS:CHBAY) gapped up prior to trading on Thursday . The stock had previously closed at $62.2778, but opened at $69.50. Chiba Bank shares last traded at $69.50, with a volume of 144 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Chiba Bank to a “hold” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Chiba Bank presently has an average rating of “Hold”.

Chiba Bank Stock Performance

The company has a market cap of $10.37 billion, a P/E ratio of 15.92 and a beta of 0.08. The firm has a 50 day moving average price of $62.66 and a 200-day moving average price of $55.95.

About Chiba Bank

Chiba Bank, Ltd. (OTCMKTS: CHBAY) is a regional commercial bank headquartered in Chiba City, Japan. Established in 1943, the bank offers a broad range of banking and financial services to individual, corporate and public sector clients. As one of the largest financial institutions in Chiba Prefecture, Chiba Bank plays a central role in supporting local economic activity and community development.

The bank’s core business activities include deposit-taking, lending, and trust services. Chiba Bank provides retail customers with savings accounts, fixed-term deposits, personal loans and mortgage financing.