Chiba Bank (OTCMKTS:CHBAY) Rating Increased to Strong-Buy at Zacks Research

Chiba Bank (OTCMKTS:CHBAY) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

Chiba Bank Stock Performance

OTCMKTS:CHBAY opened at $75.71 on Tuesday. The stock has a market capitalization of $11.74 billion, a price-to-earnings ratio of 17.05 and a beta of 0.09. Chiba Bank has a 52 week low of $62.28 and a 52 week high of $78.67. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.40. The firm has a 50 day moving average of $72.19 and a 200 day moving average of $63.16.

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.