Suruga Bank (OTCMKTS:SUGBY) Sets New 1-Year High – Here’s Why

Suruga Bank Ltd. (OTCMKTS:SUGBY) hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as $192.94 and last traded at $192.94, with a volume of 1 shares traded. The stock had previously closed at $192.94.

Suruga Bank Stock Performance

The company’s 50-day moving average price is $80.02 and its 200 day moving average price is $80.02. The stock has a market capitalization of $3.31 billion, a P/E ratio of 11.85 and a beta of -0.03.

Suruga Bank (OTCMKTS:SUGBY) last issued its earnings results on Monday, August 10th. The company reported $5.22 earnings per share for the quarter, topping the consensus estimate of $2.76 by $2.46. The company had revenue of $234.94 million during the quarter, compared to the consensus estimate of $16.96 billion. Suruga Bank had a net margin of 38.48% and a return on equity of 13.65%.

Suruga Bank Company Profile

Suruga Bank, Ltd. is a regional Japanese financial institution headquartered in Numazu, Shizuoka Prefecture. The bank provides retail and commercial banking services, including deposits, lending, domestic and foreign remittances, foreign-exchange services, and payment-related products.

Its lending activities include residential mortgages, personal loans, business financing, and other credit products for individuals and small and medium-sized businesses. Suruga Bank also offers investment trusts, insurance-related products, and electronic and automated banking services through its branch and digital channels.

Founded in 1895, Suruga Bank has historically focused on customers in Shizuoka Prefecture and neighboring Kanagawa Prefecture, while also maintaining a presence in other parts of Japan.