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Chiba Bank (OTCMKTS:CHBAY) Trading 3.5% Higher - Should You Buy?

Chiba Bank logo with Finance background

The Chiba Bank, Ltd. (OTCMKTS:CHBAY - Get Free Report)'s share price rose 3.5% during trading on Tuesday . The company traded as high as $45.40 and last traded at $45.40. Approximately 366 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 9,169 shares. The stock had previously closed at $43.85.

Chiba Bank Price Performance

The business's fifty day moving average price is $41.42 and its 200 day moving average price is $38.97. The firm has a market capitalization of $7.31 billion, a price-to-earnings 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 posted its quarterly earnings results on Thursday, May 8th. The company reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.17. The business had revenue of $686.60 million for the quarter, compared to analysts' expectations of $52.55 billion. Chiba Bank had a net margin of 19.54% and a return on equity of 5.75%.

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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