Chiba Bank (OTCMKTS:CHBAY) Shares Gap Up – What’s Next?

Chiba Bank Ltd. (OTCMKTS:CHBAY) shares gapped up before the market opened on Friday . The stock had previously closed at $82.32, but opened at $87.8105. Chiba Bank shares last traded at $87.8105, with a volume of 134 shares.

Analyst Ratings Changes

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

Chiba Bank Trading Down 0.1%

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 capitalization of $13.62 billion, a PE ratio of 18.60 and a beta of 0.09. The business’s 50-day moving average is $79.12 and its two-hundred day moving average is $69.70.

Chiba Bank (OTCMKTS:CHBAY) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.24. Chiba Bank had a net margin of 20.96% and a return on equity of 8.21%. The company had revenue of $420.93 million during the quarter, compared to the consensus estimate of $392.86 million. As a group, equities research analysts anticipate that Chiba Bank Ltd. will post 5.51 earnings per share for the current year.

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.