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

Chiba Bank Ltd. (OTCMKTS:CHBAY) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $85.80 and last traded at $85.80, with a volume of 103 shares traded. The stock had previously closed at $78.67.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Chiba Bank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

Chiba Bank Trading Up 13.3%

The business’s 50-day moving average is $73.61 and its two-hundred day moving average is $64.91. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $13.31 billion, a PE ratio of 19.32 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.