Chesapeake Financial Shares Inc. (OTCMKTS:CPKF) Sees Large Growth in Short Interest

Chesapeake Financial Shares Inc. (OTCMKTS:CPKF) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 415 shares, a growth of 55.4% from the November 30th total of 267 shares. Based on an average trading volume of 4,657 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 4,657 shares, the days-to-cover ratio is currently 0.1 days.

Chesapeake Financial Shares Price Performance

Shares of OTCMKTS CPKF opened at $28.15 on Tuesday. The firm has a fifty day simple moving average of $25.44 and a two-hundred day simple moving average of $22.95. Chesapeake Financial Shares has a 12 month low of $18.10 and a 12 month high of $28.90. The company has a current ratio of 0.65, a quick ratio of 0.64 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $132.59 million, a PE ratio of 20.11 and a beta of 0.27.

Chesapeake Financial Shares (OTCMKTS:CPKF) last announced its earnings results on Wednesday, October 22nd. The bank reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.39. Chesapeake Financial Shares had a net margin of 6.72% and a return on equity of 11.80%. The firm had revenue of $21.64 million for the quarter, compared to analyst estimates of $19.40 million. Equities analysts expect that Chesapeake Financial Shares will post 2.45 earnings per share for the current year.

Chesapeake Financial Shares Increases Dividend

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

About Chesapeake Financial Shares

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.