Chesapeake Financial Shares (OTCMKTS:CPKF) Announces Earnings Results, Beats Expectations By $0.17 EPS

Chesapeake Financial Shares (OTCMKTS:CPKF) released its quarterly earnings results on Wednesday. The bank reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.17, Zacks reports. Chesapeake Financial Shares had a return on equity of 16.46% and a net margin of 20.38%.

Chesapeake Financial Shares Stock Performance

Shares of CPKF traded down $0.01 during trading hours on Wednesday, hitting $38.50. The stock had a trading volume of 2,312 shares, compared to its average volume of 1,860. 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 fifty-two week low of $22.50 and a fifty-two week high of $39.75. The firm has a 50-day moving average price of $38.92 and a 200 day moving average price of $36.88. The firm has a market capitalization of $180.56 million, a price-to-earnings ratio of 7.26 and a beta of 0.24.

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.