Chesapeake Financial Shares (OTCMKTS:CPKF) Share Price Pass Above Two Hundred Day Moving Average – Here’s Why

Chesapeake Financial Shares Inc. (OTCMKTS:CPKF) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $20.26 and traded as high as $22.00. Chesapeake Financial Shares shares last traded at $22.00, with a volume of 0 shares changing hands.

Chesapeake Financial Shares Stock Up 0.7%

The company has a debt-to-equity ratio of 0.43, a current ratio of 0.64 and a quick ratio of 0.65. The stock has a market cap of $103.18 million, a price-to-earnings ratio of 23.91 and a beta of 0.28. The firm has a 50 day simple moving average of $21.50 and a two-hundred day simple moving average of $20.26.

Chesapeake Financial Shares (OTCMKTS:CPKF) last announced its quarterly earnings results on Tuesday, August 19th. The bank reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.04. The company had revenue of $19.56 million during the quarter, compared to analysts’ expectations of $18.70 million. Chesapeake Financial Shares had a return on equity of 10.29% and a net margin of 4.57%. As a group, sell-side analysts expect that Chesapeake Financial Shares Inc. will post 2.45 EPS for the current year.

Chesapeake Financial Shares Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 1st will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a dividend yield of 294.0%. Chesapeake Financial Shares’s dividend payout ratio (DPR) is currently 69.57%.

About Chesapeake Financial Shares

Chesapeake Financial Shares, Inc operates as the bank holding company for Chesapeake Bank that provides various banking products and services for individuals and businesses in the United States. The company accepts interest and noninterest checking, savings, and money market accounts; and variable-rate and fixed-term money market accounts, as well as certificates of deposit.