Chiba Bank (CHBAY) Expected to Announce Earnings on Friday

Chiba Bank (OTCMKTS:CHBAY) is expected to be issuing its results after the market closes on Friday, November 6th. Analysts expect Chiba Bank to post earnings of $1.32 per share and revenue of $402.84 million for the quarter.

Chiba Bank (OTCMKTS:CHBAY) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.11 by $0.24. Chiba Bank had a return on equity of 8.25% and a net margin of 20.96%. The company had revenue of $420.93 million for the quarter, compared to analyst estimates of $392.86 million. On average, analysts expect Chiba Bank to post $5.51 EPS for the current fiscal year and $6.67 EPS for the next fiscal year.

Chiba Bank Price Performance

Shares of OTCMKTS CHBAY opened at $90.24 on Wednesday. The stock has a market cap of $14.00 billion, a P/E ratio of 19.12 and a beta of 0.16. Chiba Bank has a twelve month low of $62.28 and a twelve month high of $90.24. The stock has a 50 day moving average of $89.74 and a two-hundred day moving average of $73.34. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.26.

Analyst Ratings Changes

Separately, Zacks Research cut shares of Chiba Bank from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 29th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Chiba Bank Company Profile

Chiba Bank, Ltd. is a Japanese regional financial institution headquartered in Chiba City, Chiba Prefecture. Established in 1943, the bank provides banking and related financial services to individuals, businesses and public-sector customers.

Its primary activities include accepting deposits, providing loans, handling domestic and foreign exchange transactions, and offering investment trusts, insurance products and other financial services. Through its group companies, Chiba Bank also supports customers with leasing, credit card, securities and other financial solutions.

The bank’s principal market is the Kanto region of Japan, with a particular focus on Chiba Prefecture and neighboring areas, including Tokyo and parts of Ibaraki and Saitama prefectures.