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Chiba Bank (OTCMKTS:CHBAY) Sets New 1-Year High - Time to Buy?

Chiba Bank logo with Finance background

The Chiba Bank, Ltd. (OTCMKTS:CHBAY - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $45.40 and last traded at $45.40, with a volume of 366 shares changing hands. The stock had previously closed at $43.85.

Chiba Bank Stock Performance

The firm's fifty day moving average is $41.42 and its 200-day moving average is $38.97. The stock has a market capitalization of $7.31 billion, a PE ratio of 14.74 and a beta of 0.29. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.49.

Chiba Bank (OTCMKTS:CHBAY - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.17. Chiba Bank had a net margin of 19.54% and a return on equity of 5.75%. The business had revenue of $686.60 million for the quarter, compared to analysts' expectations of $52.55 billion.

About Chiba Bank

(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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