Chiba Bank (OTCMKTS:CHBAY) Shares Gap Down – What’s Next?

Chiba Bank Ltd. (OTCMKTS:CHBAY) gapped down prior to trading on Friday . The stock had previously closed at $67.2290, but opened at $64.00. Chiba Bank shares last traded at $64.00, with a volume of 187 shares traded.

Chiba Bank Stock Down 4.8%

The stock has a market capitalization of $9.93 billion, a P/E ratio of 15.24 and a beta of 0.14. 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’s fifty day moving average is $55.88 and its two-hundred day moving average is $52.56.

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, beating the consensus estimate of $1.07 by $0.07. Chiba Bank had a return on equity of 7.53% and a net margin of 20.92%.The company had revenue of $721.38 million for the quarter, compared to analysts’ expectations 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.