Chiba Bank (OTCMKTS:CHBAY) Releases Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Chiba Bank (OTCMKTS:CHBAY) released its quarterly earnings results on Monday. The company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.07), Zacks reports. Chiba Bank had a return on equity of 8.25% and a net margin of 20.96%.

Chiba Bank Price Performance

OTCMKTS CHBAY opened at $90.24 on Monday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $14.00 billion, a price-to-earnings ratio of 19.12 and a beta of 0.16. The company has a 50 day simple moving average of $89.99 and a 200-day simple moving average of $73.87. Chiba Bank has a 52-week low of $62.28 and a 52-week high of $90.24.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of Chiba Bank from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 29th. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat.com, Chiba Bank has an average rating of “Hold”.

About Chiba Bank

The Chiba Bank, Ltd. is a regional financial institution headquartered in Chiba City, Japan. Founded in 1943, it provides banking services to individuals, businesses and public-sector organizations, with a focus on the Chiba Prefecture area.

Its services include deposit accounts, loans, domestic and foreign exchange, investment-related services and other financial products. The bank also supports businesses with services such as financing and management advice, and offers related services through its group companies.

In addition to its core operations in Chiba Prefecture, the bank serves customers in other parts of Japan and maintains an international presence to support clients’ overseas business.