Chiba Bank (OTCMKTS:CHBAY) Posts Quarterly Earnings Results

Chiba Bank (OTCMKTS:CHBAY) posted its earnings results on Friday. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.19, Zacks reports. Chiba Bank had a return on equity of 7.53% and a net margin of 20.92%.The business had revenue of ($633.03) million for the quarter, compared to analysts’ expectations of $370.74 million.

Chiba Bank Price Performance

Shares of OTCMKTS:CHBAY opened at $71.42 on Friday. Chiba Bank has a 1-year low of $62.28 and a 1-year high of $71.42. The stock has a market cap of $11.08 billion, a P/E ratio of 16.08 and a beta of 0.08. The firm has a fifty day moving average price of $64.54 and a 200 day moving average price of $56.88.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Chiba Bank to a “hold” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Chiba Bank has an average rating of “Hold”.

About Chiba Bank

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.