Chiba Bank (OTCMKTS:CHBAY) Announces Quarterly Earnings Results, Misses Expectations By $0.07 EPS

Chiba Bank (OTCMKTS:CHBAY) issued its quarterly earnings data on Monday. The company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.07), Zacks reports. Chiba Bank had a net margin of 20.96% and a return on equity of 8.25%.

Chiba Bank Stock Performance

CHBAY opened at $90.24 on Monday. Chiba Bank has a 52 week low of $62.28 and a 52 week high of $90.24. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.26. The business has a fifty day simple moving average of $89.99 and a 200-day simple moving average of $73.87. The firm has a market cap of $14.00 billion, a P/E ratio of 19.12 and a beta of 0.16.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of 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. According to data from MarketBeat, Chiba Bank presently has an average rating of “Hold”.

Chiba Bank Company Profile

The Chiba Bank, Ltd. is a regional financial institution headquartered in Chiba City, Japan. Founded in 1943, it provides banking services to individuals, businesses and public-sector organizations, with a focus on the Chiba Prefecture area.

Its services include deposit accounts, loans, domestic and foreign exchange, investment-related services and other financial products. The bank also supports businesses with services such as financing and management advice, and offers related services through its group companies.

In addition to its core operations in Chiba Prefecture, the bank serves customers in other parts of Japan and maintains an international presence to support clients’ overseas business.