Chiba Bank (OTCMKTS:CHBAY) Stock Price Up 8.7% – Still a Buy?

Chiba Bank Ltd. (OTCMKTS:CHBAY)’s share price rose 8.7% on Wednesday . The company traded as high as $51.08 and last traded at $51.08. Approximately 338 shares were traded during trading, a decline of 95% from the average daily volume of 6,813 shares. The stock had previously closed at $47.00.

Chiba Bank Stock Down 3.0%

The company has a debt-to-equity ratio of 1.44, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $8.22 billion, a P/E ratio of 14.26 and a beta of 0.23. The business has a 50 day moving average price of $48.97 and a 200 day moving average price of $47.28.

Chiba Bank (OTCMKTS:CHBAY) last released its earnings results on Friday, November 7th. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.05 by $0.10. Chiba Bank had a net margin of 20.18% and a return on equity of 6.59%. The firm had revenue of $709.21 million during the quarter, compared to analysts’ expectations of $369.05 million.

Chiba Bank Company Profile

The Chiba Bank, Ltd., together with its subsidiaries, provides banking products and services in Japan and internationally. The company offers various deposit products, including savings, time deposits, currency deposits, investment trusts, bonds, and pensions; loans, which include mortgages, renovation loans, photovoltaic, vehicle, education, and other loan products; and insurance products, such as annuity, life, medical, student, death, and travel insurance.