Chesapeake Financial Shares, Inc. (OTCMKTS:CPKF) Short Interest Update

Chesapeake Financial Shares, Inc. (OTCMKTS:CPKF) was the recipient of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 100 shares, a drop of 50.0% from the October 15th total of 200 shares. Based on an average daily volume of 2,000 shares, the short-interest ratio is presently 0.1 days.

Chesapeake Financial Shares Stock Performance

Shares of OTCMKTS:CPKF remained flat at $19.13 during trading on Thursday. The stock had a trading volume of 40 shares, compared to its average volume of 1,886. The company has a market capitalization of $90.48 million, a P/E ratio of 9.71 and a beta of 0.50. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. The company has a 50-day simple moving average of $18.94 and a two-hundred day simple moving average of $18.14. Chesapeake Financial Shares has a fifty-two week low of $16.29 and a fifty-two week high of $20.25.

Chesapeake Financial Shares (OTCMKTS:CPKF) last released its quarterly earnings results on Monday, October 21st. The bank reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.01). Chesapeake Financial Shares had a return on equity of 8.86% and a net margin of 9.73%. The firm had revenue of $18.16 million for the quarter, compared to analyst estimates of $17.40 million. Equities research analysts anticipate that Chesapeake Financial Shares will post 2.3 earnings per share for the current fiscal year.

Chesapeake Financial Shares Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st will be paid a dividend of $0.16 per share. This is a boost from Chesapeake Financial Shares’s previous quarterly dividend of $0.16. This represents a $0.64 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Friday, November 29th. Chesapeake Financial Shares’s dividend payout ratio (DPR) is currently 31.47%.

About Chesapeake Financial Shares

Chesapeake Financial Shares, Inc operates as the bank holding company for Chesapeake Bank that provides various banking products and services for individuals and businesses in the United States. The company accepts interest and noninterest checking, savings, and money market accounts; and variable-rate and fixed-term money market accounts, as well as certificates of deposit.