Chiba Bank (OTCMKTS:CHBAY) Announces Earnings Results, Beats Expectations By $0.19 EPS

Chiba Bank (OTCMKTS:CHBAY) issued its quarterly earnings results on Friday. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.19, Zacks reports. Chiba Bank had a return on equity of 7.53% and a net margin of 20.92%.

Chiba Bank Price Performance

Shares of OTCMKTS:CHBAY remained flat at $71.42 during midday trading on Friday. The company had a trading volume of 90 shares, compared to its average volume of 332. Chiba Bank has a 12 month low of $62.28 and a 12 month high of $71.42. The company has a market capitalization of $11.08 billion, a price-to-earnings ratio of 17.00 and a beta of 0.08. The business’s 50 day moving average price is $64.21 and its two-hundred day moving average price is $56.78.

Analysts Set New Price Targets

Separately, Zacks Research upgraded 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.com, the company presently has an average rating of “Hold”.

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.