Chiba Bank (OTCMKTS:CHBAY) Shares Up 8.7% – Here’s Why

Chiba Bank Ltd. (OTCMKTS:CHBAY)’s stock price traded up 8.7% during trading on Wednesday . The company traded as high as $51.08 and last traded at $51.08. 338 shares traded hands during trading, a decline of 95% from the average session volume of 6,813 shares. The stock had previously closed at $47.00.

Chiba Bank Stock Down 3.0%

The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market cap of $8.22 billion, a price-to-earnings ratio of 14.26 and a beta of 0.23. The firm’s 50-day simple moving average is $48.97 and its two-hundred day simple moving average is $47.28.

Chiba Bank (OTCMKTS:CHBAY) last announced its earnings results on Friday, November 7th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.10. Chiba Bank had a net margin of 20.18% and a return on equity of 6.59%. The company had revenue of $709.21 million for the quarter, compared to analyst estimates of $369.05 million.

About Chiba Bank

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.