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

Chesapeake Financial Shares Inc. (OTCMKTS:CPKF) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 415 shares, an increase of 55.4% from the November 30th total of 267 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 4,657 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 4,657 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Chesapeake Financial Shares Price Performance

OTCMKTS CPKF opened at $28.25 on Wednesday. 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 PE ratio of 20.18 and a beta of 0.27. The company’s 50 day simple moving average is $25.55 and its 200 day simple moving average is $23.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.65 and a quick ratio of 0.64.

Chesapeake Financial Shares (OTCMKTS:CPKF) last issued its quarterly earnings results on Wednesday, October 22nd. The bank reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.39. Chesapeake Financial Shares had a return on equity of 11.80% and a net margin of 6.72%.The firm had revenue of $21.64 million during the quarter, compared to analyst estimates of $19.40 million. As a group, equities research analysts forecast that Chesapeake Financial Shares will post 2.45 EPS for the current fiscal year.

Chesapeake Financial Shares Increases Dividend

The company also recently announced a dividend, which was paid on Monday, December 15th. Investors of record on Tuesday, December 2nd were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, December 1st. This is an increase from Chesapeake Financial Shares’s previous dividend of $0.16. This represents a yield of 278.0%. Chesapeake Financial Shares’s dividend payout ratio 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.