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Chiba Bank (OTCMKTS:CHBAY) Shares Up 10.2% - Here's Why

Chiba Bank logo with Finance background

Key Points

  • Chiba Bank's stock price increased by 10.2%, reaching a high of $49.58 during trading on Tuesday, with a significant trading volume spike.
  • The bank has a market capitalization of $7.95 billion and a P/E ratio of 13.79, indicating its valuation in the market.
  • Chiba Bank offers a variety of banking products, including loans, insurance, and investment services both domestically and internationally.
  • Want stock alerts on Chiba Bank? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Chiba Bank Ltd. (OTCMKTS:CHBAY - Get Free Report)'s share price traded up 10.2% on Tuesday . The stock traded as high as $49.58 and last traded at $49.37. 40,200 shares traded hands during trading, an increase of 270,607% from the average session volume of 15 shares. The stock had previously closed at $44.79.

Chiba Bank Stock Performance

The company's 50-day moving average price is $46.82 and its two-hundred day moving average price is $42.18. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market cap of $7.95 billion, a PE ratio of 13.79 and a beta of 0.29.

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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