Zacks Research upgraded shares of Chiba Bank (OTCMKTS:CHBAY – Free Report) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday,Zacks.com reports.
Chiba Bank Price Performance
CHBAY stock opened at $75.71 on Tuesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.95 and a quick ratio of 0.95. The company’s 50 day simple moving average is $72.19 and its 200-day simple moving average is $63.16. Chiba Bank has a 12 month low of $62.28 and a 12 month high of $78.67. The firm has a market capitalization of $11.74 billion, a PE ratio of 17.05 and a beta of 0.09.
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.
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