TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Oita Bank ( (JP:8392) ) has shared an update.
Oita Bank has revised its financial targets for the Medium-Term Management Plan 2024, aiming for higher profitability with a consolidated profit target increased from 8.0 billion yen to more than 10.0 billion yen and an ROE target raised from around 4.0% to more than 5.0%. This revision is in response to the current domestic interest rate environment, which is higher than initially expected, and the steady progress of the bank’s strategic plan.
The most recent analyst rating on (JP:8392) stock is a Hold with a Yen5374.00 price target. To see the full list of analyst forecasts on Oita Bank stock, see the JP:8392 Stock Forecast page.
More about Oita Bank
Oita Bank is a financial institution operating in the banking industry, primarily offering banking services and financial products. It is listed on the Tokyo Stock Exchange and the Fukuoka Stock Exchange, indicating a focus on the Japanese market.
YTD Price Performance: 71.38%
Average Trading Volume: 44,886
Technical Sentiment Signal: Buy
Current Market Cap: Yen79.02B
For detailed information about 8392 stock, go to TipRanks’ Stock Analysis page.