Chiba Bank (OTCMKTS:CHBAY) Shares Gap Up – Here’s What Happened
by Michael Walen · The Markets DailyChiba Bank Ltd. (OTCMKTS:CHBAY – Get Free Report) 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 trading hands.
Chiba Bank Trading Up 5.5%
The company’s 50 day moving average price is $58.04 and its 200-day moving average price is $53.80. The company has a market capitalization of $10.47 billion, a PE ratio of 16.08 and a beta of 0.05.
Chiba Bank (OTCMKTS:CHBAY – Get Free Report) last announced its quarterly earnings data on Monday, February 2nd. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.07. Chiba Bank had a net margin of 20.92% and a return on equity of 7.53%. The company had revenue of $721.38 million during the quarter, compared to analysts’ expectations of $358.53 million.
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.