Chiba Bank (OTCMKTS:CHBAY) Shares Gap Up – Time to Buy?

Shares of Chiba Bank Ltd. (OTCMKTS:CHBAY) gapped up prior to trading on Monday . The stock had previously closed at $72.0680, but opened at $78.67. Chiba Bank shares last traded at $78.67, with a volume of 967 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Chiba Bank to a “hold” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Chiba Bank Trading Up 9.2%

The company has a 50 day simple moving average of $70.96 and a 200 day simple moving average of $61.78. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $12.20 billion, a PE ratio of 17.72 and a beta of 0.10.

Chiba Bank Company Profile

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.