Chesapeake Financial Shares Inc. (OTCMKTS:CPKF) Sees Significant Drop in Short Interest

Chesapeake Financial Shares Inc. (OTCMKTS:CPKF) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 240 shares, a drop of 24.3% from the December 15th total of 317 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 1,200 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 1,200 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Chesapeake Financial Shares Trading Up 0.5%

Shares of OTCMKTS:CPKF opened at $28.25 on Friday. The firm has a fifty day moving average of $26.70 and a two-hundred day moving average of $23.63. The company has a quick ratio of 0.64, a current ratio of 0.65 and a debt-to-equity ratio of 0.38. Chesapeake Financial Shares has a 12-month low of $18.10 and a 12-month high of $28.90. The firm has a market capitalization of $133.06 million, a P/E ratio of 20.18 and a beta of 0.24.

Chesapeake Financial Shares (OTCMKTS:CPKF) last posted its quarterly earnings results 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 company had revenue of $21.64 million during the quarter, compared to the consensus estimate of $19.40 million. Chesapeake Financial Shares had a return on equity of 11.80% and a net margin of 6.72%. On average, equities analysts expect that Chesapeake Financial Shares will post 2.45 EPS for the current fiscal year.

Chesapeake Financial Shares Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, December 15th. Investors of record on Tuesday, December 2nd were paid a $0.17 dividend. This represents a dividend yield of 278.0%. The ex-dividend date of this dividend was Monday, December 1st. This is a boost from Chesapeake Financial Shares’s previous dividend of $0.16. Chesapeake Financial Shares’s dividend payout ratio (DPR) is presently 48.57%.

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.