Chesapeake Financial Shares (OTCMKTS:CPKF) Posts Quarterly 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 EPS for the quarter, topping analysts’ consensus estimates 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 Price Performance

Shares of CPKF stock traded down $0.01 on Wednesday, reaching $38.50. 2,312 shares of the company were exchanged, compared to its average volume of 1,860. The company has a market cap of $180.56 million, a price-to-earnings ratio of 7.26 and a beta of 0.24. The business has a 50-day moving average price of $38.92 and a 200 day moving average price of $36.88. 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 has a 1 year low of $22.50 and a 1 year high of $39.75.

About Chesapeake Financial Shares

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.