Chesapeake Financial Shares, Inc. (OTCMKTS:CPKF) Declares Dividend Increase – $0.16 Per Share

Chesapeake Financial Shares, Inc. (OTCMKTS:CPKF) declared a quarterly dividend on Friday, October 18th,NASDAQ Dividends reports. Stockholders of record on Sunday, December 1st will be paid a dividend of 0.16 per share by the bank on Sunday, December 15th. This represents a $0.64 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Friday, November 29th. This is an increase from Chesapeake Financial Shares’s previous quarterly dividend of $0.16.

Chesapeake Financial Shares Price Performance

CPKF stock remained flat at $18.94 during midday trading on Wednesday. The company had a trading volume of 30 shares, compared to its average volume of 1,141. The business has a fifty day moving average of $18.99 and a 200-day moving average of $18.25. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. Chesapeake Financial Shares has a 12-month low of $16.45 and a 12-month high of $20.25. The stock has a market cap of $89.59 million, a P/E ratio of 9.61 and a beta of 0.50.

Chesapeake Financial Shares (OTCMKTS:CPKF) last announced its earnings results on Monday, October 21st. The bank reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The business had revenue of $18.16 million during the quarter, compared to analyst estimates of $17.40 million. Chesapeake Financial Shares had a net margin of 9.73% and a return on equity of 8.86%. Equities research analysts forecast that Chesapeake Financial Shares will post 2.32 EPS for the current year.

Chesapeake Financial Shares Company Profile

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.