Chiba Bank Ltd. (OTCMKTS:CHBAY) Stock Short Interest Report for September

Chiba Bank Ltd. (OTCMKTS:CHBAY) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 13 shares. Based on an average daily volume of 46 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Zacks Research cut Chiba Bank from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 29th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat, Chiba Bank presently has an average rating of “Hold”.

Chiba Bank Stock Performance

OTCMKTS:CHBAY remained flat at $90.24 during trading hours on Thursday. 86 shares of the company’s stock were exchanged, compared to its average volume of 73. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.93 and a current ratio of 0.93. Chiba Bank has a fifty-two week low of $62.28 and a fifty-two week high of $90.24. The stock has a market cap of $14.00 billion, a price-to-earnings ratio of 19.12 and a beta of 0.15. The company’s 50 day simple moving average is $87.68 and its 200 day simple moving average is $77.74.

Chiba Bank (OTCMKTS:CHBAY) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.24. Chiba Bank had a return on equity of 8.25% and a net margin of 20.96%. The business had revenue of $420.93 million during the quarter, compared to the consensus estimate of $392.86 million. On average, analysts forecast that Chiba Bank will post 5.51 earnings per share for the current fiscal year.

About Chiba Bank

Chiba Bank, Ltd. is a Japanese regional financial institution headquartered in Chiba City, Chiba Prefecture. Established in 1943, the bank provides banking and financial services to individuals, businesses, local governments and other organizations.

Its primary activities include accepting deposits, extending loans, handling domestic and international payments, and providing foreign-exchange services. Chiba Bank also offers investment trusts, insurance products, asset-management services and other financial products through its branch network and affiliated companies.

The bank’s core operating area is Chiba Prefecture, with additional operations and business relationships in neighboring parts of the greater Tokyo metropolitan area and other locations.