Chesapeake Financial Shares (OTCMKTS:CPKF) Shares Pass Above 200 Day Moving Average - Here's Why

Key Points

• Chesapeake Financial Shares (OTCMKTS:CPKF) has seen its share price surpass its 200-day moving average, last trading at $21.74 against a moving average of $20.42.
• The company reported $0.67 earnings per share for the last quarter, exceeding expectations and showing a revenue of $19.56 million.
• A dividend of $0.16 has been declared, yielding approximately 294.0%, with the payout scheduled for September 15th.

Chesapeake Financial Shares Inc. (OTCMKTS:CPKF - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $20.42 and traded as high as $21.74. Chesapeake Financial Shares shares last traded at $21.74, with a volume of 209 shares trading hands.

Chesapeake Financial Shares Price Performance

The company has a market capitalization of $101.91 million, a PE ratio of 23.62 and a beta of 0.28. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.64 and a quick ratio of 0.64. The company's 50 day simple moving average is $21.72 and its 200 day simple moving average is $20.49.

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

Chesapeake Financial Shares Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 1st were given a dividend of $0.16 per share. The ex-dividend date 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.