SBI (OTCMKTS:SBHGF) Releases Earnings Results, Beats Expectations By $0.69 EPS

SBI (OTCMKTS:SBHGF) announced its earnings results on Friday. The company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.69, Zacks reports.

SBI Trading Up 4.6%

OTCMKTS SBHGF traded up $0.80 during trading hours on Friday, reaching $18.35. 1,018 shares of the company traded hands, compared to its average volume of 12,099. The stock has a market capitalization of $6.06 billion, a PE ratio of 3.16 and a beta of 0.79. SBI has a 12 month low of $15.01 and a 12 month high of $25.72. The company has a 50 day moving average of $17.52 and a two-hundred day moving average of $19.43.

Analysts Set New Price Targets

Separately, Zacks Research raised SBI to a “hold” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

SBI Company Profile

SBI Holdings, Inc is a Japan-based financial services conglomerate that traces its origins to the establishment of SoftBank Investment in 1999. The company was rebranded as SBI Holdings in 2005 following its separation from SoftBank Group. Since its inception, SBI has pursued a diversified strategy aimed at integrating traditional financial services with emerging fintech innovations.

The group’s core activities encompass online securities brokerage, retail and corporate banking, asset management, insurance services and venture capital investments.