Chiba Bank (OTCMKTS:CHBAY) Releases Earnings Results, Beats Expectations By $0.24 EPS

Chiba Bank (OTCMKTS:CHBAY) announced its quarterly earnings results on Tuesday. The company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.24, Zacks reports. Chiba Bank had a net margin of 21.13% and a return on equity of 7.81%.

Chiba Bank Price Performance

OTCMKTS CHBAY opened at $82.32 on Tuesday. The business has a 50 day simple moving average of $75.19 and a 200 day simple moving average of $66.16. Chiba Bank has a 52-week low of $62.28 and a 52-week high of $85.80. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market cap of $12.77 billion, a price-to-earnings ratio of 18.54 and a beta of 0.09.

Analysts Set New Price Targets

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

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.