Chiba Bank (OTCMKTS:CHBAY – Get Free Report) is expected to be issuing its results after the market closes on Friday, November 6th. Analysts expect Chiba Bank to announce earnings of $1.32 per share and revenue of $402.84 million for the quarter.
Chiba Bank (OTCMKTS:CHBAY – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.24. The company had revenue of $420.93 million for the quarter, compared to analyst estimates of $392.86 million. Chiba Bank had a return on equity of 8.25% and a net margin of 20.96%. On average, analysts expect Chiba Bank to post $5.51 EPS for the current fiscal year and $6.67 EPS for the next fiscal year.
Chiba Bank Stock Performance
Shares of CHBAY stock opened at $90.24 on Thursday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market capitalization of $14.00 billion, a P/E ratio of 19.12 and a beta of 0.16. The company’s 50 day moving average price is $89.90 and its two-hundred day moving average price is $73.52. Chiba Bank has a 52 week low of $62.28 and a 52 week high of $90.24.
Analysts Set New Price Targets
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 stock currently has an average rating of “Hold”.
Check Out Our Latest Research Report on CHBAY
About Chiba Bank
Chiba Bank, Ltd. is a Japanese regional financial institution headquartered in Chiba City, Chiba Prefecture. Established in 1943, the bank provides banking and related financial services to individuals, businesses and public-sector customers.
Its primary activities include accepting deposits, providing loans, handling domestic and foreign exchange transactions, and offering investment trusts, insurance products and other financial services. Through its group companies, Chiba Bank also supports customers with leasing, credit card, securities and other financial solutions.
The bank’s principal market is the Kanto region of Japan, with a particular focus on Chiba Prefecture and neighboring areas, including Tokyo and parts of Ibaraki and Saitama prefectures.
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