Chesapeake Financial Shares (OTCMKTS:CPKF) Stock Jumps 0.1% – Here’s Why

Chesapeake Financial Shares Inc. (OTCMKTS:CPKF) shares shot up 0.1% on Wednesday. The stock traded as high as $38.20 and last traded at $38.20. Approximately 1,476 shares were traded during trading, an increase of 147% from the average daily volume of 598 shares. The stock had previously closed at $38.18.

Chesapeake Financial Shares Stock Performance

The stock’s 50-day moving average price is $38.62 and its 200-day moving average price is $35.83. The company has a market capitalization of $179.55 million, a price-to-earnings ratio of 7.00 and a beta of 0.25. 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 (OTCMKTS:CPKF) last posted its earnings results on Wednesday, October 21st. The bank reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.17. Chesapeake Financial Shares had a net margin of 20.61% and a return on equity of 16.59%. The firm had revenue of $23.64 million during the quarter, compared to the consensus estimate of $22.30 million. As a group, equities research analysts expect that Chesapeake Financial Shares Inc. will post 4.30 earnings per share for the current year.

Chesapeake Financial Shares Company Profile

Chesapeake Financial Shares, Inc. is a bank holding company based in Kilmarnock, Virginia. Its principal subsidiary, Chesapeake Bank, provides personal and business banking services, including deposit accounts, loans, mortgage lending and digital banking. The company also offers wealth management and related financial services through affiliated businesses. Its operations focus on communities in Virginia, including the Northern Neck and Middle Peninsula, as well as parts of the Richmond, Williamsburg and Hampton Roads regions.