Chesapeake Financial Shares (OTCMKTS:CPKF) Announces Earnings Results

Key Points

• Chesapeake Financial Shares reported a quarterly earnings per share (EPS) of $1.03, significantly surpassing analysts' expectations of $0.64 by $0.39.
• The company has announced a dividend of $0.16 per share, which reflects a substantial dividend yield of 294.0% and a payout ratio of 69.57%.
• Shares of Chesapeake Financial traded at $22.75, with a market capitalization of $106.70 million and a P/E ratio of 24.73.

Chesapeake Financial Shares (OTCMKTS:CPKF - Get Free Report) posted its quarterly earnings data on Wednesday. The bank reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.39, Zacks reports. Chesapeake Financial Shares had a net margin of 4.57% and a return on equity of 10.29%.

Chesapeake Financial Shares Price Performance

Shares of OTCMKTS:CPKF traded up $0.76 during midday trading on Wednesday, hitting $22.75. The stock had a trading volume of 250 shares, compared to its average volume of 1,892. The company's 50-day moving average price is $21.90 and its 200-day moving average price is $20.96. The company has a market capitalization of $106.70 million, a P/E ratio of 24.73 and a beta of 0.29. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.43. Chesapeake Financial Shares has a fifty-two week low of $18.10 and a fifty-two week high of $22.75.

Chesapeake Financial Shares Announces Dividend

The company also recently announced a dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 1st were given a $0.16 dividend. The ex-dividend date was Friday, August 29th. This represents a dividend yield of 294.0%. Chesapeake Financial Shares's payout ratio is presently 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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