Chesapeake Financial Shares (OTCMKTS:CPKF) Shares Pass Above 200-Day Moving Average – What’s Next?

Shares of Chesapeake Financial Shares Inc. (OTCMKTS:CPKFGet Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $22.61 and traded as high as $28.10. Chesapeake Financial Shares shares last traded at $28.10, with a volume of 200 shares.

Chesapeake Financial Shares Price Performance

The stock has a market capitalization of $132.35 million, a P/E ratio of 20.07 and a beta of 0.27. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.64 and a current ratio of 0.65. The firm has a 50-day moving average price of $24.70 and a 200 day moving average price of $22.61.

Chesapeake Financial Shares (OTCMKTS:CPKFGet Free Report) last issued its earnings results on Wednesday, October 22nd. The bank reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.39. Chesapeake Financial Shares had a return on equity of 11.80% and a net margin of 6.72%.The business had revenue of $21.64 million during the quarter, compared to analyst estimates of $19.40 million. On average, analysts expect that Chesapeake Financial Shares Inc. will post 2.45 EPS for the current year.

Chesapeake Financial Shares Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, December 15th. Investors of record on Tuesday, December 2nd were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a dividend yield of 278.0%. This is an increase from Chesapeake Financial Shares’s previous dividend of $0.16. Chesapeake Financial Shares’s payout ratio is 48.57%.

About Chesapeake Financial Shares

(Get Free Report)

Chesapeake Financial Shares, Inc is the bank holding company for Chesapeake Bank, a Virginia‐chartered community bank. The company operates as a locally focused financial institution, offering a comprehensive suite of banking services to individuals, businesses and nonprofit organizations. Through its subsidiary, Chesapeake Bank, it aims to deliver customer‐centric solutions while supporting economic growth in its communities.

Chesapeake Financial Shares’ primary business activities include retail and commercial banking.

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