Chiba Bank (OTCMKTS:CHBAY) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Chiba Bank Ltd. (OTCMKTS:CHBAY) saw an uptick in trading volume on Wednesday . 8,048 shares traded hands during trading, an increase of 1,142% from the previous session’s volume of 648 shares.The stock last traded at $67.5960 and had previously closed at $67.10.

Chiba Bank Trading Up 0.2%

The firm’s 50 day moving average price is $55.39 and its 200-day moving average price is $52.35. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market cap of $10.43 billion, a P/E ratio of 16.01 and a beta of 0.14.

Chiba Bank (OTCMKTS:CHBAY) last announced its quarterly earnings results on Monday, February 2nd. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.07. Chiba Bank had a net margin of 20.92% and a return on equity of 7.53%. The company had revenue of $721.38 million during the quarter, compared to the consensus estimate of $358.53 million.

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.