Suruga Bank (OTCMKTS:SUGBY) Sets New 12-Month Low – Here’s Why

Suruga Bank Ltd. (OTCMKTS:SUGBY)’s share price hit a new 52-week low during trading on Monday. The stock traded as low as $189.04 and last traded at $189.04, with a volume of 1 shares changing hands. The stock had previously closed at $192.94.

Suruga Bank Stock Down 2.0%

The firm has a market cap of $3.25 billion, a PE ratio of 11.64 and a beta of -0.22. The stock’s fifty day simple moving average is $86.88 and its two-hundred day simple moving average is $82.44.

Suruga Bank (OTCMKTS:SUGBY) last released its earnings results on Monday, August 10th. The company reported $5.22 EPS for the quarter, topping the consensus estimate of $2.76 by $2.46. Suruga Bank had a return on equity of 13.65% and a net margin of 38.48%.The business had revenue of $234.94 million for the quarter, compared to the consensus estimate of $16.96 billion.

About Suruga Bank

Suruga Bank Ltd. is a regional financial institution headquartered in Numazu, Shizuoka Prefecture, Japan. The bank provides banking and financial services primarily to individuals, small businesses and local communities in Shizuoka Prefecture and neighboring areas, including parts of the greater Tokyo region.

Its services include deposit accounts, residential and other consumer lending, business loans, foreign-exchange services, investment trusts and internet banking. Suruga Bank has also developed a reputation for focusing on retail banking and specialized lending products, supported by branch-based and digital delivery channels.

The bank traces its origins to 1895 and has operated for more than a century as a community-oriented Japanese bank.