Chiba Bank (OTCMKTS:CHBAY) Shares Gap Up – Should You Buy?

Chiba Bank Ltd. (OTCMKTS:CHBAY) shares gapped up before the market opened on Friday . The stock had previously closed at $75.7055, but opened at $82.32. Chiba Bank shares last traded at $82.32, with a volume of 3,075 shares trading hands.

Wall Street Analyst Weigh In

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

Chiba Bank Price Performance

The stock has a 50 day moving average of $74.76 and a two-hundred day moving average of $65.78. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market cap of $12.77 billion, a PE ratio of 18.54 and a beta of 0.09.

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.