Chiba Bank (OTCMKTS:CHBAY) Shares Gap Down – Time to Sell?

Shares of Chiba Bank Ltd. (OTCMKTS:CHBAY) gapped down prior to trading on Friday . The stock had previously closed at $67.2290, but opened at $64.00. Chiba Bank shares last traded at $64.00, with a volume of 187 shares.

Chiba Bank Trading Down 4.8%

The firm has a 50-day moving average of $55.88 and a 200 day moving average of $52.56. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $9.93 billion, a price-to-earnings ratio of 15.24 and a beta of 0.14.

Chiba Bank (OTCMKTS:CHBAY) last announced its quarterly earnings results on Monday, February 2nd. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.07. The company had revenue of $721.38 million during the quarter, compared to analyst estimates of $358.53 million. Chiba Bank had a return on equity of 7.53% and a net margin of 20.92%.

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.