Chiba Bank (OTCMKTS:CHBAY) Sets New 12-Month High – Should You Buy?

Chiba Bank Ltd. (OTCMKTS:CHBAY)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $88.01 and last traded at $86.9465, with a volume of 3165 shares trading hands. The stock had previously closed at $87.8105.

Wall Street Analyst Weigh In

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 investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

Chiba Bank Price Performance

The firm has a market capitalization of $13.49 billion, a P/E ratio of 18.42 and a beta of 0.10. The business has a 50-day moving average of $80.33 and a 200 day moving average of $70.61. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.40.

Chiba Bank (OTCMKTS:CHBAY) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.24. The business had revenue of $420.93 million for the quarter, compared to the consensus estimate of $392.86 million. Chiba Bank had a return on equity of 8.21% and a net margin of 20.96%. On average, sell-side analysts predict that Chiba Bank Ltd. will post 5.51 earnings per share for the current fiscal year.

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.