Chiba Bank (CHBAY) to Release Quarterly Earnings on Thursday

Key Points

• Chiba Bank will report quarterly results on May 14, with analysts expecting $1.01 EPS and about $370.7 million in revenue for the quarter.
• In the prior quarter the bank beat expectations, reporting $1.14 EPS (vs. $1.07 consensus) and $721.38 million in revenue, with a net margin of 20.92% and ROE of 7.53%.
• The stock recently opened at $68.88 (12‑month range $62.28–$70.75), has a market cap of $10.68 billion and a P/E of 16.4, and carries an average analyst rating of Hold.

Chiba Bank (OTCMKTS:CHBAY - Get Free Report) is expected to be releasing its resultson Thursday, May 14th. Analysts expect Chiba Bank to post earnings of $1.01 per share and revenue of $370.7420 million for the quarter.

Chiba Bank (OTCMKTS:CHBAY - Get Free Report) last released its quarterly earnings results on Monday, February 2nd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.07. Chiba Bank had a net margin of 20.92% and a return on equity of 7.53%. The company had revenue of $721.38 million for the quarter, compared to analysts' expectations of $358.53 million. On average, analysts expect Chiba Bank to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Chiba Bank Price Performance

Chiba Bank stock opened at $68.88 on Thursday. Chiba Bank has a 12-month low of $62.28 and a 12-month high of $70.75. The stock has a market capitalization of $10.68 billion, a P/E ratio of 16.40 and a beta of 0.08. The firm's 50-day moving average is $62.37 and its two-hundred day moving average is $55.79.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Chiba Bank to a "hold" rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock 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.

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