Chiba Bank Ltd. (OTCMKTS:CHBAY – Get Free Report) saw a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 1 shares, a decline of 93.3% from the July 30th total of 15 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 45 shares, the days-to-cover ratio is presently 0.0 days.
Chiba Bank Price Performance
Shares of OTCMKTS:CHBAY opened at $87.88 on Thursday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.40. The stock has a market cap of $13.63 billion, a PE ratio of 18.62 and a beta of 0.09. The company’s fifty day moving average is $78.80 and its 200 day moving average is $69.47. Chiba Bank has a 52 week low of $62.28 and a 52 week high of $87.88.
Chiba Bank (OTCMKTS:CHBAY – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.24. Chiba Bank had a net margin of 20.96% and a return on equity of 8.21%. The business had revenue of $420.93 million during the quarter, compared to analyst estimates of $392.86 million. Research analysts anticipate that Chiba Bank will post 5.51 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on Chiba Bank
Chiba Bank Company Profile
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.
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