Chesapeake Financial Shares (OTCMKTS:CPKF) Stock Price Pass Above 200 Day Moving Average – Here’s Why

Chesapeake Financial Shares, Inc. (OTCMKTS:CPKF) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $18.44 and traded as high as $18.70. Chesapeake Financial Shares shares last traded at $18.70, with a volume of 1,740 shares trading hands.

Chesapeake Financial Shares Stock Performance

The company has a 50 day moving average of $18.89 and a two-hundred day moving average of $18.46. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market capitalization of $91.21 million, a PE ratio of 9.79 and a beta of 0.50.

Chesapeake Financial Shares (OTCMKTS:CPKF) last announced its earnings results on Monday, October 21st. The bank reported $0.55 earnings per share 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 business had revenue of $18.16 million for the quarter, compared to the consensus estimate of $17.40 million. As a group, equities research analysts predict that Chesapeake Financial Shares, Inc. will post 2.32 earnings per share for the current year.

Chesapeake Financial Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 3.32%. The ex-dividend date was Friday, November 29th. This is an increase from Chesapeake Financial Shares’s previous quarterly dividend of $0.16. Chesapeake Financial Shares’s dividend payout ratio is currently 32.49%.

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.