Short Interest in Chesapeake Financial Shares Inc. (OTCMKTS:CPKF) Grows By 55.4%

Chesapeake Financial Shares Inc. (OTCMKTS:CPKF) was the target of a large increase in short interest during 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 company’s stock are sold short. Based on an average daily trading volume, of 4,657 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 4,657 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Chesapeake Financial Shares Stock Performance

Shares of OTCMKTS CPKF opened at $28.15 on Monday. The business has a 50 day simple moving average of $25.31 and a 200 day simple moving average of $22.90. Chesapeake Financial Shares has a 52 week low of $18.10 and a 52 week high of $28.90. The stock has a market cap of $132.59 million, a price-to-earnings ratio of 20.11 and a beta of 0.27. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.64 and a current ratio of 0.65.

Chesapeake Financial Shares (OTCMKTS:CPKF) last posted its 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 net margin of 6.72% and a return on equity of 11.80%. The firm had revenue of $21.64 million during the quarter, compared to analysts’ expectations of $19.40 million. On average, research analysts predict that Chesapeake Financial Shares will post 2.45 earnings per share for the current fiscal year.

Chesapeake Financial Shares Increases Dividend

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