Chiba Bank (OTCMKTS:CHBAY) Reaches New 52-Week High - Should You Buy?

Key Points

• New 52-week high: Chiba Bank reached $62.60, trading up 22.6% from the prior close of $51.045 with 350 shares changing hands.
• Earnings beat: Quarterly EPS was $1.14 versus a $1.07 consensus and revenue was $721.38M (vs. $358.53M estimate), with a net margin of 20.92% and ROE of 7.53%.
• Valuation and liquidity: market cap $9.71B, P/E 14.90, debt-to-equity 0.06 and current/quick ratios ~0.95; technicals show a 50-day MA of $55.00 and 200-day MA of $52.13.

Chiba Bank Ltd. (OTCMKTS:CHBAY - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $62.60 and last traded at $62.60, with a volume of 350 shares changing hands. The stock had previously closed at $51.0450.

Chiba Bank Trading Up 22.6%

The stock has a market capitalization of $9.71 billion, a price-to-earnings ratio of 14.90 and a beta of 0.14. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.06. The company has a fifty day moving average of $55.00 and a two-hundred day moving average of $52.13.

Chiba Bank (OTCMKTS:CHBAY - Get Free Report) last announced its quarterly earnings results on Monday, February 2nd. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.07 by $0.07. Chiba Bank had a return on equity of 7.53% and a net margin of 20.92%.The company had revenue of $721.38 million for the quarter, compared to the consensus estimate of $358.53 million.

Chiba Bank Company Profile

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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