Chesapeake Financial Shares Inc. (OTCMKTS:CPKF) Short Interest Update

Key Points

• Chesapeake Financial Shares experienced a significant decrease in short interest, with only 700 shares shorted as of August 31st, down 22.2% from the previous total.
• The bank reported earnings of $0.67 per share, surpassing expectations, with revenue of $19.56 million for the quarter, exceeding the consensus estimate.
• A $0.16 dividend was paid to shareholders, reflecting a high dividend yield of 294.0%, with a payout ratio of 69.57%.

Chesapeake Financial Shares Inc. (OTCMKTS:CPKF - Get Free Report) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 700 shares, a decrease of 22.2% from the August 15th total of 900 shares. Based on an average daily volume of 300 shares, the short-interest ratio is presently 2.3 days. Currently, 0.0% of the company's stock are sold short. Currently, 0.0% of the company's stock are sold short. Based on an average daily volume of 300 shares, the short-interest ratio is presently 2.3 days.

Chesapeake Financial Shares Stock Performance

OTCMKTS CPKF traded down $0.01 during trading hours on Friday, reaching $21.72. The stock had a trading volume of 1,754 shares, compared to its average volume of 256. Chesapeake Financial Shares has a 52-week low of $18.10 and a 52-week high of $22.10. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a fifty day moving average of $21.73 and a 200 day moving average of $20.54. The stock has a market cap of $101.87 million, a P/E ratio of 23.61 and a beta of 0.28.

Chesapeake Financial Shares (OTCMKTS:CPKF - Get Free Report) last posted its quarterly earnings results on Tuesday, August 19th. The bank reported $0.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.04. Chesapeake Financial Shares had a return on equity of 10.29% and a net margin of 4.57%.The business had revenue of $19.56 million during the quarter, compared to analyst estimates of $18.70 million. Sell-side analysts predict that Chesapeake Financial Shares will post 2.45 earnings per share for the current year.

Chesapeake Financial Shares Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 1st were issued a $0.16 dividend. This represents a yield of 294.0%. The ex-dividend date of this dividend was Friday, August 29th. Chesapeake Financial Shares's dividend payout ratio is 69.57%.

Chesapeake Financial Shares Company Profile

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.