Chiba Bank (OTCMKTS:CHBAY) Upgraded by Zacks Research to Hold Rating

Chiba Bank (OTCMKTS:CHBAY) was upgraded by research analysts at Zacks Research to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Chiba Bank Stock Performance

Shares of CHBAY opened at $68.88 on Wednesday. The company has a market capitalization of $10.68 billion, a price-to-earnings ratio of 16.40 and a beta of 0.05. The stock has a 50 day moving average of $61.81 and a 200 day moving average of $55.39. Chiba Bank has a 12 month low of $62.28 and a 12 month high of $70.75.

Chiba Bank (OTCMKTS:CHBAY) last issued its quarterly earnings results on Monday, February 2nd. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07. The company had revenue of $721.38 million during the quarter, compared to the consensus estimate of $358.53 million. Chiba Bank had a return on equity of 7.53% and a net margin of 20.92%. As a group, equities research analysts predict that Chiba Bank will post 4.07 earnings per share for the current year.

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.