Suruga Bank (OTCMKTS:SUGBY – Get Free Report) posted its quarterly earnings results on Monday. The company reported $5.22 earnings per share for the quarter, topping the consensus estimate of $2.76 by $2.46, Zacks reports. Suruga Bank had a return on equity of 11.18% and a net margin of 33.98%.The firm had revenue of $234.94 million during the quarter, compared to analysts’ expectations of $16.96 billion.
Suruga Bank Price Performance
Shares of Suruga Bank stock opened at $80.02 on Tuesday. Suruga Bank has a twelve month low of $45.82 and a twelve month high of $80.02. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 6.10 and a beta of -0.02. The company’s 50 day moving average is $80.02 and its 200 day moving average is $80.02.
About Suruga Bank
Suruga Bank Ltd. is a regional financial institution headquartered in Shizuoka City, Shizuoka Prefecture, Japan. Established in the mid-20th century, the bank has built a reputation for serving both individual and corporate customers in its home region and beyond. As a member of Concordia Financial Group, Suruga Bank leverages group-wide resources to enhance its product offerings and operational capabilities.
The bank’s core business activities encompass a broad range of commercial and retail banking services.
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