Chesapeake Financial Shares (OTCMKTS:CPKF) Releases Quarterly Earnings Results, Beats Estimates By $0.31 EPS

Chesapeake Financial Shares (OTCMKTS:CPKF) posted its quarterly earnings results on Tuesday. The bank reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.31, Zacks reports. The firm had revenue of $26.88 million during the quarter, compared to analyst estimates of $21.50 million. Chesapeake Financial Shares had a return on equity of 16.85% and a net margin of 20.38%.

Chesapeake Financial Shares Stock Up 2.8%

Chesapeake Financial Shares stock opened at $39.05 on Thursday. Chesapeake Financial Shares has a 12 month low of $21.00 and a 12 month high of $39.05. The stock has a fifty day simple moving average of $35.69 and a two-hundred day simple moving average of $33.14. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.37. The firm has a market cap of $183.14 million, a price-to-earnings ratio of 7.37 and a beta of 0.24.

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.