Chiba Bank (OTCMKTS:CHBAY) Hits New 12-Month High – Still a Buy?

Chiba Bank Ltd. (OTCMKTS:CHBAY) reached a new 52-week high during trading on Monday . The company traded as high as $71.4150 and last traded at $71.4150, with a volume of 633 shares changing hands. The stock had previously closed at $69.50.

Wall Street Analysts Forecast Growth

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

Chiba Bank Stock Performance

The company has a market capitalization of $11.08 billion, a PE ratio of 17.00 and a beta of 0.08. The company’s 50-day simple moving average is $63.88 and its 200-day simple moving average is $56.61.

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.