Chesapeake Financial Shares (OTCMKTS:CPKF) Releases Quarterly Earnings Results, Beats Expectations By $0.17 EPS

Chesapeake Financial Shares (OTCMKTS:CPKF) announced its quarterly earnings data on Wednesday. The bank reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.17, Zacks reports. The business had revenue of $23.64 million for the quarter, compared to analysts’ expectations of $22.30 million. Chesapeake Financial Shares had a return on equity of 16.46% and a net margin of 20.38%.

Chesapeake Financial Shares Price Performance

Shares of OTCMKTS CPKF opened at $38.50 on Thursday. The stock’s 50-day moving average is $38.91 and its two-hundred day moving average is $36.93. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.69 and a quick ratio of 0.69. Chesapeake Financial Shares has a 1-year low of $22.50 and a 1-year high of $39.75. The company has a market cap of $180.56 million, a price-to-earnings ratio of 8.16 and a beta of 0.24.

About Chesapeake Financial Shares

Chesapeake Financial Shares, Inc is a Virginia-based bank holding company headquartered in Kilmarnock. Through its banking operations, the company provides financial services to individuals, families, businesses and community organizations.

Its principal activities include commercial and consumer lending, residential real estate loans, deposit accounts, online and mobile banking, treasury management and other traditional banking services. The company also offers investment, financial planning and wealth management services through affiliated operations.

Chesapeake Financial Shares primarily serves communities in Virginia’s Northern Neck, Middle Peninsula and surrounding markets, including the greater Williamsburg area.