Chiba Bank (OTCMKTS:CHBAY) Shares Gap Up – Time to Buy?

Chiba Bank Ltd. (OTCMKTS:CHBAYGet Free Report) gapped up prior to trading on Monday . The stock had previously closed at $72.0680, but opened at $78.67. Chiba Bank shares last traded at $78.67, with a volume of 967 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Chiba Bank to a “hold” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Check Out Our Latest Report on CHBAY

Chiba Bank Trading Down 3.8%

The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.40. The firm has a market cap of $11.74 billion, a price-to-earnings ratio of 17.05 and a beta of 0.10. The company has a fifty day moving average price of $71.29 and a 200-day moving average price of $62.15.

About Chiba Bank

(Get Free Report)

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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