Chesapeake Financial Shares (OTCMKTS:CPKF) Stock Price Pass Above Two Hundred Day Moving Average - What's Next?

Key Points

• Chesapeake Financial Shares (OTCMKTS:CPKF) recently surpassed its 200-day moving average of $20.26, trading at a high of $22.00.
• The firm announced a dividend of $0.16 per share, with an impressive yield of 294.0%, to be paid on September 15th.
• In its latest earnings report, the company reported EPS of $0.67, beating analysts' estimates of $0.63, alongside revenues of $19.56 million.

Chesapeake Financial Shares Inc. (OTCMKTS:CPKF - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $20.26 and traded as high as $22.00. Chesapeake Financial Shares shares last traded at $22.00, with a volume of 0 shares.

Chesapeake Financial Shares Stock Down 0.6%

The company has a quick ratio of 0.65, a current ratio of 0.64 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $101.77 million, a PE ratio of 23.59 and a beta of 0.28. The business's 50-day moving average price is $21.52 and its 200-day moving average price is $20.28.

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

Chesapeake Financial Shares Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 1st will be paid a dividend of $0.16 per share. The ex-dividend date is Friday, August 29th. This represents a dividend yield of 294.0%. Chesapeake Financial Shares's dividend payout ratio is 69.57%.

About Chesapeake Financial Shares

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.