Chiba Bank (OTCMKTS:CHBAY) Shares Gap Down – Time to Sell?

Chiba Bank Ltd. (OTCMKTS:CHBAY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $69.3056, but opened at $62.2778. Chiba Bank shares last traded at $62.2778, with a volume of 167 shares traded.

Chiba Bank Trading Down 10.1%

The firm has a market cap of $9.66 billion, a P/E ratio of 14.83 and a beta of 0.05. The business’s fifty day simple moving average is $60.84 and its 200-day simple moving average is $55.00.

Chiba Bank (OTCMKTS:CHBAY) last announced its quarterly earnings results on Monday, February 2nd. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.07. The business had revenue of $721.38 million for the quarter, compared to analyst estimates of $358.53 million. Chiba Bank had a net margin of 20.92% and a return on equity of 7.53%.

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.