Chiba Bank (OTCMKTS:CHBAY) Releases Quarterly Earnings Results, Beats Expectations By $0.19 EPS

Chiba Bank (OTCMKTS:CHBAY) released its earnings results on Friday. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.19, Zacks reports. The company had revenue of ($633.03) million for the quarter, compared to the consensus estimate of $370.74 million. Chiba Bank had a net margin of 20.92% and a return on equity of 7.53%.

Chiba Bank Stock Performance

Shares of OTCMKTS CHBAY remained flat at $71.42 during midday trading on Friday. The stock had a trading volume of 1 shares, compared to its average volume of 335. Chiba Bank has a 52-week low of $62.28 and a 52-week high of $71.42. The company’s 50 day moving average is $64.54 and its 200 day moving average is $56.88. The company has a market capitalization of $11.08 billion, a P/E ratio of 16.08 and a beta of 0.08.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Chiba Bank to a “hold” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

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.