Chesapeake Financial Shares (OTCMKTS:CPKF) Posts Quarterly Earnings Results

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 quarterly 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. Chesapeake Financial Shares had a return on equity of 10.45% and a net margin of 4.58%.

Chesapeake Financial Shares Price Performance

OTCMKTS:CPKF traded up $0.21 on Tuesday, hitting $22.00. The company had a trading volume of 248 shares, compared to its average volume of 3,965. The stock has a market capitalization of $103.40 million, a price-to-earnings ratio of 24.44 and a beta of 0.32. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.44. The firm has a 50 day moving average of $21.30 and a two-hundred day moving average of $20.04. Chesapeake Financial Shares has a 52 week low of $17.60 and a 52 week high of $22.10.

Chesapeake Financial Shares Increases Dividend

The company also recently declared a dividend, which was paid on Sunday, June 15th. Investors of record on Monday, June 2nd were given a dividend of $0.16 per share. The ex-dividend date was Friday, May 30th. This represents a dividend yield of 320.0%. This is a positive change from Chesapeake Financial Shares's previous dividend of $0.15. Chesapeake Financial Shares's dividend payout ratio (DPR) is 71.11%.

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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