Chiba Bank (OTCMKTS:CHBAY) Shares Gap Up – Should You Buy?

Chiba Bank Ltd. (OTCMKTS:CHBAY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $64.00, but opened at $67.5156. Chiba Bank shares last traded at $67.5156, with a volume of 1,104 shares.

Chiba Bank Price Performance

The company has a market cap of $10.67 billion, a price-to-earnings ratio of 16.37 and a beta of 0.05. The business’s fifty day moving average price is $58.57 and its 200 day moving average price is $54.01.

Chiba Bank (OTCMKTS:CHBAY) last issued its quarterly earnings results on Monday, February 2nd. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.07. The company had revenue of $721.38 million for the quarter, compared to analyst estimates of $358.53 million. Chiba Bank had a net margin of 20.92% and a return on equity of 7.53%.

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.