Chesapeake Financial Shares (OTCMKTS:CPKF) Announces Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Key Points

• Chesapeake Financial Shares reported earnings of $0.67 per share for the recent quarter, surpassing expectations by $0.04.
• The company declared a dividend of $0.16 per share, up from the previous $0.15, resulting in a substantial dividend yield of 320.0%.
• Chesapeake Financial Shares' stock is currently trading at $22.00, with a market capitalization of $103.40 million.

Chesapeake Financial Shares (OTCMKTS:CPKF - Get Free Report) posted its earnings results on Tuesday. The bank reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.04, Zacks reports. The firm had revenue of $19.56 million for the quarter, compared to analyst estimates of $18.70 million. Chesapeake Financial Shares had a return on equity of 10.29% and a net margin of 4.57%.

Chesapeake Financial Shares Stock Down 0.0%

Shares of Chesapeake Financial Shares stock traded down $0.01 during trading on Friday, reaching $21.99. The stock had a trading volume of 248 shares, compared to its average volume of 2,289. The company has a market capitalization of $103.35 million, a price-to-earnings ratio of 23.90 and a beta of 0.32. The stock has a fifty day moving average price of $21.39 and a two-hundred day moving average price of $20.12. Chesapeake Financial Shares has a 52 week low of $17.65 and a 52 week high of $22.10. The company has a current ratio of 0.64, a quick ratio of 0.65 and a debt-to-equity ratio of 0.43.

Chesapeake Financial Shares Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 1st will be issued a dividend of $0.16 per share. The ex-dividend date is Friday, August 29th. This represents a yield of 294.0%. Chesapeake Financial Shares's payout ratio is currently 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.