Chiba Bank (CHBAY) Set to Release Earnings on Friday

Key Points

• Chiba Bank is expected to report earnings after market close on Friday, November 6. Analysts forecast quarterly earnings of $1.32 per share on revenue of $402.84 million.
• The bank exceeded estimates in its previous quarter, posting $1.35 EPS and $420.93 million in revenue, compared with forecasts of $1.11 EPS and $392.86 million in revenue.
• Shares opened at $90.24, near their 52-week high, while analyst sentiment remains cautious: Zacks downgraded the stock to “hold,” matching the current consensus rating.

Chiba Bank (OTCMKTS:CHBAY - Get Free Report) is expected to be releasing its results after the market closes on Friday, November 6th. Analysts expect the company to announce earnings of $1.32 per share and revenue of $402.84 million for the quarter.

Chiba Bank (OTCMKTS:CHBAY - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.24. The firm had revenue of $420.93 million for the quarter, compared to the consensus estimate of $392.86 million. Chiba Bank had a return on equity of 8.25% and a net margin of 20.96%. On average, analysts expect Chiba Bank to post $5.51 EPS for the current fiscal year and $6.67 EPS for the next fiscal year.

Chiba Bank Price Performance

Shares of CHBAY opened at $90.24 on Friday. The company has a market cap of $14.00 billion, a PE ratio of 19.12 and a beta of 0.15. The business has a fifty day moving average of $89.27 and a 200 day moving average of $72.81. Chiba Bank has a 52-week low of $62.28 and a 52-week high of $90.24. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.26.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of Chiba Bank from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 29th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock presently has a consensus rating of "Hold".

About Chiba Bank

Chiba Bank, Ltd. is a Japanese regional financial institution headquartered in Chiba City, Chiba Prefecture. Established in 1943, the bank provides banking and related financial services to individuals, businesses and public-sector customers.

Its primary activities include accepting deposits, providing loans, handling domestic and foreign exchange transactions, and offering investment trusts, insurance products and other financial services. Through its group companies, Chiba Bank also supports customers with leasing, credit card, securities and other financial solutions.

The bank's principal market is the Kanto region of Japan, with a particular focus on Chiba Prefecture and neighboring areas, including Tokyo and parts of Ibaraki and Saitama prefectures.

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