Suruga Bank (SUGBY) Set to Post Quarterly Earnings on Thursday

Suruga Bank (OTCMKTS:SUGBY) is expected to announce its results before the market opens on Thursday, November 12th. Analysts expect the company to post earnings of $4.18 per share and revenue of $237.00 million for the quarter.

Suruga Bank (OTCMKTS:SUGBY) last posted its quarterly earnings data on Monday, August 10th. The company reported $5.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.76 by $2.46. Suruga Bank had a return on equity of 13.65% and a net margin of 38.48%. The firm had revenue of $234.94 million for the quarter, compared to the consensus estimate of $16.96 billion.

Suruga Bank Stock Performance

SUGBY opened at $176.76 on Tuesday. The stock’s 50-day moving average price is $140.65 and its 200 day moving average price is $95.18. Suruga Bank has a 12-month low of $172.63 and a 12-month high of $197.17. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 10.82 and a beta of -0.18.

About Suruga Bank

Suruga Bank, Ltd. is a Japanese regional financial institution headquartered in Numazu, Shizuoka Prefecture. The bank provides retail banking services to individuals and businesses, including deposit accounts, lending, mortgages, consumer finance, investment trusts, insurance-related products, credit cards and electronic banking services.

Suruga Bank primarily serves customers in Shizuoka Prefecture and surrounding areas, with additional operations in selected parts of the greater Tokyo region.