Suruga Bank (SUGBY) Expected to Release Quarterly Earnings on Thursday

Suruga Bank (OTCMKTS:SUGBY) is anticipated to post its results before the market opens on Thursday, November 12th. Analysts expect the company to post earnings of $4.18 per share and revenue of $237.00 million for the quarter.

Suruga Bank (OTCMKTS:SUGBY) last released its earnings results on Monday, August 10th. The company reported $5.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $2.46. Suruga Bank had a return on equity of 13.65% and a net margin of 38.48%. The business had revenue of $234.94 million for the quarter, compared to the consensus estimate of $16.96 billion.

Suruga Bank Stock Performance

SUGBY opened at $176.76 on Wednesday. Suruga Bank has a 52-week low of $172.63 and a 52-week high of $197.17. The firm has a market capitalization of $3.04 billion, a PE ratio of 10.82 and a beta of -0.18. The business’s 50-day simple moving average is $142.59 and its 200 day simple moving average is $95.66.

About Suruga Bank

Suruga Bank, Ltd. is a Japanese regional financial institution headquartered in Numazu, Shizuoka Prefecture. The bank provides retail banking services to individuals and businesses, including deposit accounts, lending, mortgages, consumer finance, investment trusts, insurance-related products, credit cards and electronic banking services. Suruga Bank primarily serves customers in Shizuoka Prefecture and surrounding areas, with additional operations in selected parts of the greater Tokyo region. Its business is focused on relationship-based banking, residential and investment-property lending, small-business finance and other financial services delivered through branches and digital channels.