Chiba Bank Ltd. (OTCMKTS:CHBAY – Get Free Report) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 13 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 46 shares, the days-to-cover ratio is presently 0.3 days.
Wall Street Analyst Weigh In
Separately, Zacks Research downgraded shares of Chiba Bank from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 29th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat.com, the company currently has an average rating of “Hold”.
Read Our Latest Stock Analysis on CHBAY
Chiba Bank Stock Performance
Shares of CHBAY opened at $90.24 on Friday. Chiba Bank has a 1 year low of $62.28 and a 1 year high of $90.24. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.93 and a quick ratio of 0.93. The stock’s fifty day moving average price is $87.84 and its two-hundred day moving average price is $77.93. The firm has a market cap of $14.00 billion, a PE ratio of 19.12 and a beta of 0.15.
Chiba Bank (OTCMKTS:CHBAY – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.24. Chiba Bank had a net margin of 20.96% and a return on equity of 8.25%. The company had revenue of $420.93 million for the quarter, compared to analysts’ expectations of $392.86 million. On average, equities research analysts forecast that Chiba Bank will post 5.51 EPS for the current year.
Chiba Bank Company Profile
Chiba Bank, Ltd. is a Japanese regional financial institution headquartered in Chiba City, Chiba Prefecture. Established in 1943, the bank provides banking and financial services to individuals, businesses, local governments and other organizations.
Its primary activities include accepting deposits, extending loans, handling domestic and international payments, and providing foreign-exchange services. Chiba Bank also offers investment trusts, insurance products, asset-management services and other financial products through its branch network and affiliated companies.
The bank’s core operating area is Chiba Prefecture, with additional operations and business relationships in neighboring parts of the greater Tokyo metropolitan area and other locations.
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