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

Chesapeake Financial Shares logo with Finance background

Key Points

  • Chesapeake Financial Shares (OTCMKTS:CPKF) recently crossed above its 200-day moving average, with shares trading as high as $22.00 and a current volume of 250 shares.
  • The company reported earnings of $0.62 per share, exceeding the estimate of $0.58, alongside a net margin of 4.58% and a return on equity of 10.45%.
  • Chesapeake Financial Shares has increased its dividend to $0.16 per share, representing a dividend yield of 3.2% with a payout ratio of 71.11%.
  • Need Better Tools to Track Chesapeake Financial Shares? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Chesapeake Financial Shares Inc. (OTCMKTS:CPKF - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $19.72 and traded as high as $22.00. Chesapeake Financial Shares shares last traded at $22.00, with a volume of 250 shares traded.

Chesapeake Financial Shares Stock Performance

The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.44. 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's 50-day moving average is $21.00 and its 200-day moving average is $19.78.

Chesapeake Financial Shares (OTCMKTS:CPKF - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The bank reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.04. Chesapeake Financial Shares had a net margin of 4.58% and a return on equity of 10.45%. Research analysts anticipate that Chesapeake Financial Shares Inc. will post 2.45 earnings per share for the current fiscal year.

Chesapeake Financial Shares Increases Dividend

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

About Chesapeake Financial Shares

(Get Free Report)

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.

Further Reading

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