Chesapeake Financial Shares (OTCMKTS:CPKF) Share Price Pass Above 200 Day Moving Average - What's Next?

Key Points

• Chesapeake Financial Shares stock surpassed its 200-day moving average, trading at $22.00, indicating a positive trend in its share price.
• The company recently boosted its dividend to $0.16, resulting in a substantial yield of 320.0%.
• Chesapeake Financial Shares has a market capitalization of $103.40 million and a PE ratio of 24.44, demonstrating a solid financial standing.

Chesapeake Financial Shares Inc. (OTCMKTS:CPKF - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $20.04 and traded as high as $22.00. Chesapeake Financial Shares shares last traded at $22.00, with a volume of 248 shares traded.

Chesapeake Financial Shares Price Performance

The company has a debt-to-equity ratio of 0.43, a current ratio of 0.64 and a quick ratio of 0.65. The firm has a 50-day moving average of $21.39 and a 200-day moving average of $20.12. The stock has a market cap of $103.35 million, a PE ratio of 23.90 and a beta of 0.32.

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 the consensus estimate of $0.63 by $0.04. Chesapeake Financial Shares had a return on equity of 10.29% and a net margin of 4.57%.The firm had revenue of $19.56 million during the quarter, compared to analysts' expectations of $18.70 million. Research analysts predict that Chesapeake Financial Shares Inc. will post 2.45 EPS for the current year.

Chesapeake Financial Shares Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 1st will be given 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 (DPR) is currently 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.