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

Chiba Bank Ltd. (OTCMKTS:CHBAY) shares gapped up prior to trading on Monday . The stock had previously closed at $47.00, but opened at $52.61. Chiba Bank shares last traded at $52.61, with a volume of 417 shares trading hands.

Chiba Bank Price Performance

The company has a 50-day moving average of $48.84 and a 200-day moving average of $47.14. 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 firm has a market capitalization of $8.48 billion, a price-to-earnings ratio of 14.70 and a beta of 0.25.

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

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.