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

Chesapeake Financial Shares (OTCMKTS:CPKF) posted its quarterly earnings results 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. Chesapeake Financial Shares had a net margin of 20.38% and a return on equity of 16.46%.

Chesapeake Financial Shares Stock Down 0.0%

Shares of OTCMKTS CPKF traded down $0.01 during mid-day trading on Wednesday, reaching $38.50. The company had a trading volume of 2,312 shares, compared to its average volume of 1,860. The company has a market capitalization of $180.56 million, a price-to-earnings ratio of 7.26 and a beta of 0.24. The stock has a fifty day moving average of $38.92 and a two-hundred day moving average of $36.88. Chesapeake Financial Shares has a 12-month low of $22.50 and a 12-month high of $39.75. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.69 and a current ratio of 0.69.

Chesapeake Financial Shares Company Profile

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.