Chiba Bank (OTCMKTS:CHBAY) Hits New 12-Month High – Here’s What Happened

Chiba Bank Ltd. (OTCMKTS:CHBAY) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $74.92 and last traded at $74.92, with a volume of 1000 shares. The stock had previously closed at $73.7320.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Chiba Bank to a “hold” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Chiba Bank Stock Performance

The firm’s 50 day moving average price is $70.96 and its two-hundred day moving average price is $61.70. The firm has a market cap of $11.62 billion, a PE ratio of 16.87 and a beta of 0.10.

About Chiba Bank

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.