Chesapeake Financial Shares (OTCMKTS:CPKF) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Chesapeake Financial Shares, Inc. (OTCMKTS:CPKFGet Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.51 and traded as high as $18.60. Chesapeake Financial Shares shares last traded at $18.55, with a volume of 1,375 shares trading hands.

Chesapeake Financial Shares Price Performance

The business has a 50 day simple moving average of $18.88 and a 200-day simple moving average of $18.51. The company has a market capitalization of $87.76 million, a P/E ratio of 9.42 and a beta of 0.50. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22.

Chesapeake Financial Shares (OTCMKTS:CPKFGet Free Report) last posted its earnings results on Monday, October 21st. The bank reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Chesapeake Financial Shares had a net margin of 9.73% and a return on equity of 8.86%. The firm had revenue of $18.16 million for the quarter, compared to analyst estimates of $17.40 million. Analysts predict that Chesapeake Financial Shares, Inc. will post 2.32 EPS for the current fiscal year.

Chesapeake Financial Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Sunday, December 1st were issued a dividend of $0.16 per share. This is a boost from Chesapeake Financial Shares’s previous quarterly dividend of $0.16. The ex-dividend date was Friday, November 29th. This represents a $0.64 annualized dividend and a yield of 3.45%. Chesapeake Financial Shares’s payout ratio is presently 32.49%.

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.

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