Chiba Bank (OTCMKTS:CHBAY) Reaches New 52-Week High – Should You Buy?

Chiba Bank Ltd. (OTCMKTS:CHBAY) hit a new 52-week high during trading on Monday . The stock traded as high as $85.80 and last traded at $85.80, with a volume of 103 shares trading hands. The stock had previously closed at $78.67.

Wall Street Analysts Forecast Growth

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

Chiba Bank Price Performance

The firm has a market capitalization of $13.31 billion, a PE ratio of 19.32 and a beta of 0.09. The firm’s 50-day moving average is $74.18 and its 200 day moving average is $65.34. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.95 and a current ratio of 0.95.

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.