Chiba Bank (OTCMKTS:CHBAY) Reaches New 1-Year High - Should You Buy?

Key Points

• Chiba Bank reached a new 52-week high of $52.84 during trading on Thursday, significantly up from its previous close of $49.37.
• The bank has a market capitalization of $8.51 billion and a price-to-earnings ratio of 14.76, indicating strong growth potential.
• Chiba Bank provides various banking services, including loans, deposits, and insurance products, both domestically in Japan and internationally.

Chiba Bank Ltd. (OTCMKTS:CHBAY - ) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $52.84 and last traded at $52.84, with a volume of 100 shares. The stock had previously closed at $49.37.

Chiba Bank Price Performance

The stock's fifty day moving average price is $48.75 and its 200-day moving average price is $44.51. The firm has a market cap of $8.51 billion, a price-to-earnings ratio of 14.76 and a beta of 0.23. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.44.

Chiba Bank Company Profile

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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