Chiba Bank (OTCMKTS:CHBAY) Issues Quarterly Earnings Results

Chiba Bank (OTCMKTS:CHBAY) issued its quarterly earnings results on Tuesday. The company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.24, Zacks reports. The company had revenue of $420.93 million during the quarter, compared to analyst estimates of $392.86 million. Chiba Bank had a net margin of 20.96% and a return on equity of 8.21%.

Chiba Bank Stock Performance

CHBAY remained flat at $82.32 on Thursday. 145 shares of the company were exchanged, compared to its average volume of 184. Chiba Bank has a 1-year low of $62.28 and a 1-year high of $85.80. The business has a 50-day moving average of $75.63 and a 200 day moving average of $66.55. The stock has a market capitalization of $12.77 billion, a P/E ratio of 17.44 and a beta of 0.09. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.95 and a current ratio of 0.95.

Analysts Set New Price Targets

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

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.