Chiba Bank (OTCMKTS:CHBAY) Shares Gap Up – Here’s What Happened

Chiba Bank Ltd. (OTCMKTS:CHBAY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $75.7055, but opened at $82.32. Chiba Bank shares last traded at $82.32, with a volume of 3,075 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Chiba Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Chiba Bank Stock Performance

The company has a market capitalization of $12.77 billion, a PE ratio of 18.54 and a beta of 0.09. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.95 and a current ratio of 0.95. The company has a 50 day moving average price of $74.76 and a 200 day moving average price of $65.78.

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.