Chiba Bank (OTCMKTS:CHBAY) Sets New 12-Month High – Here’s What Happened

Chiba Bank Ltd. (OTCMKTS:CHBAY)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $62.60 and last traded at $62.60, with a volume of 350 shares. The stock had previously closed at $51.0450.

Chiba Bank Trading Up 0.2%

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

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

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.