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

Key Points

• Chesapeake Financial Shares stock price recently crossed above its 200-day moving average, currently trading at $22.00 with a volume of 8,189 shares.
• For Q2, the company reported $0.67 earnings per share, surpassing estimates, and generated revenue of $19.56 million, exceeding expectations of $18.70 million.
• The company declared a dividend of $0.16, representing a substantial yield of 294.0%, paid to shareholders on September 15th.

Chesapeake Financial Shares Inc. (OTCMKTS:CPKF - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $20.69 and traded as high as $22.00. Chesapeake Financial Shares shares last traded at $22.00, with a volume of 8,189 shares changing hands.

Chesapeake Financial Shares Stock Performance

The company has a market capitalization of $103.18 million, a PE ratio of 23.91 and a beta of 0.29. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.43. The firm's 50-day simple moving average is $21.87 and its 200-day simple moving average is $20.69.

Chesapeake Financial Shares (OTCMKTS:CPKF - Get Free Report) last released 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 analysts' expectations of $18.70 million. Chesapeake Financial Shares had a net margin of 4.57% and a return on equity of 10.29%. On average, research analysts predict that Chesapeake Financial Shares Inc. will post 2.45 earnings per share for the current year.

Chesapeake Financial Shares Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 1st were given a $0.16 dividend. This represents a yield of 294.0%. The ex-dividend date of this dividend was Friday, August 29th. Chesapeake Financial Shares's payout ratio 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.

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