Chesapeake Financial Shares (OTCMKTS:CPKF) Issues Quarterly Earnings Results

Chesapeake Financial Shares (OTCMKTS:CPKF) issued its earnings results on Thursday. The bank reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.55, Zacks reports. Chesapeake Financial Shares had a net margin of 6.72% and a return on equity of 11.94%. The firm had revenue of $20.60 million during the quarter, compared to analyst estimates of $20.60 million.

Chesapeake Financial Shares Stock Performance

CPKF stock remained flat at $32.20 during midday trading on Friday. 446 shares of the company’s stock were exchanged, compared to its average volume of 1,358. The stock has a market capitalization of $151.57 million, a price-to-earnings ratio of 23.00 and a beta of 0.25. The firm has a 50 day moving average price of $29.82 and a 200-day moving average price of $25.77. Chesapeake Financial Shares has a 1-year low of $18.50 and a 1-year high of $32.25. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.65 and a quick ratio of 0.65.

Chesapeake Financial Shares Company Profile

Chesapeake Financial Shares, Inc is the bank holding company for Chesapeake Bank, a Virginia‐chartered community bank. The company operates as a locally focused financial institution, offering a comprehensive suite of banking services to individuals, businesses and nonprofit organizations. Through its subsidiary, Chesapeake Bank, it aims to deliver customer‐centric solutions while supporting economic growth in its communities.

Chesapeake Financial Shares’ primary business activities include retail and commercial banking.