Chiba Bank (OTCMKTS:CHBAY) Issues Earnings Results, Misses Estimates By $0.07 EPS

Chiba Bank (OTCMKTS:CHBAY) announced its quarterly earnings results on Monday. The company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.07), Zacks reports. Chiba Bank had a return on equity of 8.41% and a net margin of 21.22%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $402.84 million.

Chiba Bank Price Performance

Chiba Bank stock opened at $90.24 on Wednesday. Chiba Bank has a 1-year low of $62.28 and a 1-year high of $90.24. The firm has a market capitalization of $14.00 billion, a price-to-earnings ratio of 18.49 and a beta of 0.16. The firm’s fifty day moving average price is $90.11 and its two-hundred day moving average price is $74.22. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.26.

Analysts Set New Price Targets

Separately, Zacks Research downgraded Chiba Bank from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 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 Company Profile

The Chiba Bank, Ltd. is a regional financial institution headquartered in Chiba City, Japan. Founded in 1943, it provides banking services to individuals, businesses and public-sector organizations, with a focus on the Chiba Prefecture area. Its services include deposit accounts, loans, domestic and foreign exchange, investment-related services and other financial products. The bank also supports businesses with services such as financing and management advice, and offers related services through its group companies.