Chiba Bank (OTCMKTS:CHBAY) Sets New 52-Week High – Still a Buy?

Shares of Chiba Bank Ltd. (OTCMKTS:CHBAY) hit a new 52-week high on Thursday . The company traded as high as $74.92 and last traded at $74.92, with a volume of 1000 shares traded. The stock had previously closed at $73.7320.

Analyst Ratings Changes

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

Chiba Bank Trading Up 4.0%

The company’s 50-day simple moving average is $70.71 and its 200-day simple moving average is $61.44. The stock has a market capitalization of $11.62 billion, a price-to-earnings ratio of 16.87 and a beta of 0.10.

Chiba Bank Company Profile

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.