Chiba Bank (OTCMKTS:CHBAY) Issues Earnings Results

Chiba Bank (OTCMKTS:CHBAY) announced its earnings results on Monday. The company reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.07), Zacks reports. Chiba Bank had a return on equity of 8.25% and a net margin of 20.96%.

Chiba Bank Stock Performance

OTCMKTS CHBAY opened at $90.24 on Monday. Chiba Bank has a 12 month low of $62.28 and a 12 month high of $90.24. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market capitalization of $14.00 billion, a price-to-earnings ratio of 19.12 and a beta of 0.16. The company’s fifty day moving average price is $89.99 and its two-hundred day moving average price is $73.87.

Analysts Set New Price Targets

Separately, Zacks Research cut Chiba Bank from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 29th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, Chiba Bank has an average rating of “Hold”.

Chiba Bank Company Profile

The Chiba Bank, Ltd. is a regional financial institution headquartered in Chiba City, Japan. Founded in 1943, it provides banking services to individuals, businesses and public-sector organizations, with a focus on the Chiba Prefecture area.

Its services include deposit accounts, loans, domestic and foreign exchange, investment-related services and other financial products. The bank also supports businesses with services such as financing and management advice, and offers related services through its group companies.

In addition to its core operations in Chiba Prefecture, the bank serves customers in other parts of Japan and maintains an international presence to support clients’ overseas business.