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Chiba Bank (OTCMKTS:CHBAY) Reaches New 1-Year High - Here's What Happened

Chiba Bank logo with Finance background

Key Points

  • Chiba Bank shares reached a new 52-week high at $49.58 during mid-day trading, rising from a previous close of $47.65.
  • The bank has a market capitalization of $7.95 billion and a P/E ratio of 13.79.
  • Chiba Bank provides a range of banking services including loans, deposit products, and insurance offerings both in Japan and internationally.
  • MarketBeat previews top five stocks to own in October.

Chiba Bank Ltd. (OTCMKTS:CHBAY - Get Free Report) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $49.58 and last traded at $49.58, with a volume of 21845 shares. The stock had previously closed at $47.65.

Chiba Bank Price Performance

The firm has a fifty day simple moving average of $46.90 and a 200 day simple moving average of $42.26. The company has a market capitalization of $7.95 billion, a PE ratio of 13.79 and a beta of 0.29. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.95 and a current ratio of 0.95.

Chiba Bank Company Profile

(Get Free Report)

The Chiba Bank, Ltd., together with its subsidiaries, provides banking products and services in Japan and internationally. The company offers various deposit products, including savings, time deposits, currency deposits, investment trusts, bonds, and pensions; loans, which include mortgages, renovation loans, photovoltaic, vehicle, education, and other loan products; and insurance products, such as annuity, life, medical, student, death, and travel insurance.

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