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

Key Points

• Chesapeake Financial Shares stock has surged above its 200-day moving average of $20.81, trading at $22.25, which indicates a strong upward trend in its share price.
• In its recent quarterly earnings report, the company posted an EPS of $0.67, surpassing estimates of $0.63, with revenues of $19.56 million that also exceeded analyst expectations.
• The company announced a dividend of $0.16 per share, reflecting a significant yield of 294.0%, with a payout ratio of 69.57%.

Chesapeake Financial Shares Inc. (OTCMKTS:CPKF - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $20.81 and traded as high as $22.25. Chesapeake Financial Shares shares last traded at $22.25, with a volume of 159 shares trading hands.

Chesapeake Financial Shares Stock Up 1.6%

The company has a market cap of $104.35 million, a P/E ratio of 24.18 and a beta of 0.29. The company has a 50 day moving average of $21.87 and a 200-day moving average of $20.81. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.64 and a quick ratio of 0.64.

Chesapeake Financial Shares (OTCMKTS:CPKF - Get Free Report) last posted its quarterly earnings data on Tuesday, August 19th. The bank reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.04. The company had revenue of $19.56 million during 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%. On average, equities 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 disclosed a dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 1st were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a yield of 294.0%. Chesapeake Financial Shares's dividend payout ratio (DPR) is currently 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.

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