Chesapeake Financial Shares (OTCMKTS:CPKF) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Posted by Dante Gardener on Dec 22nd, 2024

Chesapeake Financial Shares, Inc. (OTCMKTS:CPKF – Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.37 and traded as high as $18.70. Chesapeake Financial Shares shares last traded at $18.70, with a volume of 2,383 shares traded.

Chesapeake Financial Shares Price Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. The company has a 50-day moving average of $18.93 and a 200-day moving average of $18.38. The stock has a market capitalization of $88.47 million, a price-to-earnings ratio of 9.49 and a beta of 0.50.

Chesapeake Financial Shares (OTCMKTS:CPKF – Get Free Report) last released its quarterly 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). The company had revenue of $18.16 million during the quarter, compared to analyst estimates of $17.40 million. Chesapeake Financial Shares had a return on equity of 8.86% and a net margin of 9.73%. As a group, equities research analysts expect that Chesapeake Financial Shares, Inc. will post 2.32 earnings per share 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 given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.64 dividend on an annualized basis and a yield of 3.42%. This is a positive change from Chesapeake Financial Shares’s previous quarterly dividend of $0.16. Chesapeake Financial Shares’s dividend payout ratio (DPR) is 32.49%.

Chesapeake Financial Shares Company Profile

(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.