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

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

Chesapeake Financial Shares Stock Performance

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

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.