Chesapeake Financial Shares (OTCMKTS:CPKF) Sets New 1-Year High – Here’s Why

Chesapeake Financial Shares Inc. (OTCMKTS:CPKF) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $214,748.3647 and last traded at $214,748.3647, with a volume of 61 shares. The stock had previously closed at $28.10.

Chesapeake Financial Shares Trading Up 764,129.1%

The company has a fifty day simple moving average of $26.78 and a two-hundred day simple moving average of $23.70. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.65 and a quick ratio of 0.64. The company has a market capitalization of $1.01 trillion, a P/E ratio of 153,391.69 and a beta of 0.24.

Chesapeake Financial Shares (OTCMKTS:CPKF) last issued its quarterly earnings data on Wednesday, October 22nd. The bank reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.39. The business had revenue of $21.64 million during the quarter, compared to analysts’ expectations of $19.40 million. Chesapeake Financial Shares had a net margin of 6.72% and a return on equity of 11.80%. On average, analysts forecast that Chesapeake Financial Shares Inc. will post 2.45 earnings per share for the current fiscal year.

Chesapeake Financial Shares Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, December 15th. Investors of record on Tuesday, December 2nd were paid a dividend of $0.17 per share. This represents a yield of 278.0%. The ex-dividend date was Monday, December 1st. This is a positive change from Chesapeake Financial Shares’s previous dividend of $0.16. Chesapeake Financial Shares’s dividend payout ratio is currently 48.57%.

About Chesapeake Financial Shares

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.