Chiba Bank Ltd. (OTCMKTS:CHBAY) Sees Large Decrease in Short Interest

Chiba Bank Ltd. (OTCMKTS:CHBAY) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 1 shares, a decrease of 93.3% from the July 30th total of 15 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 45 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Chiba Bank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Chiba Bank presently has an average rating of “Strong Buy”.

Chiba Bank Price Performance

CHBAY stock opened at $82.32 on Wednesday. The stock has a 50-day moving average price of $78.49 and a two-hundred day moving average price of $69.24. The stock has a market cap of $12.77 billion, a PE ratio of 17.44 and a beta of 0.09. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.40. Chiba Bank has a 1 year low of $62.28 and a 1 year high of $85.80.

Chiba Bank (OTCMKTS:CHBAY) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.24. The firm had revenue of $420.93 million for the quarter, compared to the consensus estimate of $392.86 million. Chiba Bank had a return on equity of 8.21% and a net margin of 20.96%. Equities analysts forecast that Chiba Bank will post 5.51 EPS for the current fiscal year.

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.