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) saw a significant 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 trading volume of 300 shares, the days-to-cover ratio is currently 2.3 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 300 shares, the days-to-cover ratio is currently 2.3 days.

Chesapeake Financial Shares Stock Down 0.0%

CPKF stock opened at $21.73 on Thursday. Chesapeake Financial Shares has a fifty-two week low of $18.10 and a fifty-two week high of $22.10. The business's 50-day moving average is $21.70 and its two-hundred day moving average is $20.47. 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 company has a market cap of $101.91 million, a price-to-earnings ratio of 23.62 and a beta of 0.28.

Chesapeake Financial Shares (OTCMKTS:CPKF - Get Free Report) last posted its earnings results on Tuesday, August 19th. The bank reported $0.67 earnings per share 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 company had revenue of $19.56 million for the quarter, compared to the consensus estimate of $18.70 million. As a group, analysts forecast that Chesapeake Financial Shares will post 2.45 earnings per share for the current year.

Chesapeake Financial Shares Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 1st were paid a $0.16 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a dividend yield of 294.0%. Chesapeake Financial Shares's dividend payout ratio (DPR) 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.

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