Suruga Bank (OTCMKTS:SUGBY) Sees Large Volume Increase – Time to Buy?

Suruga Bank Ltd. (OTCMKTS:SUGBY) saw an uptick in trading volume on Friday. 1 shares traded hands during trading, an increase of ? from the previous session’s volume of 0 shares. The stock last traded at $193.80 and had previously closed at $193.80.

Suruga Bank Stock Performance

The stock has a market cap of $3.34 billion, a PE ratio of 11.93 and a beta of -0.03. The company’s 50 day simple moving average is $84.54 and its 200 day simple moving average is $81.61.

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

About Suruga Bank

Suruga Bank Ltd. is a regional financial institution headquartered in Numazu, Shizuoka Prefecture, Japan. The bank provides banking and financial services primarily to individuals, small businesses and local communities in Shizuoka Prefecture and neighboring areas, including parts of the greater Tokyo region.

Its services include deposit accounts, residential and other consumer lending, business loans, foreign-exchange services, investment trusts and internet banking. Suruga Bank has also developed a reputation for focusing on retail banking and specialized lending products, supported by branch-based and digital delivery channels.

The bank traces its origins to 1895 and has operated for more than a century as a community-oriented Japanese bank.