Short Interest in Chesapeake Financial Shares, Inc. (OTCMKTS:CPKF) Declines By 50.0%

Chesapeake Financial Shares, Inc. (OTCMKTS:CPKF) was the recipient of a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 100 shares, a decline of 50.0% from the October 15th total of 200 shares. Based on an average daily volume of 2,000 shares, the days-to-cover ratio is presently 0.1 days.

Chesapeake Financial Shares Stock Performance

Shares of Chesapeake Financial Shares stock remained flat at $19.13 during trading hours on Thursday. The stock had a trading volume of 40 shares, compared to its average volume of 1,886. The business’s 50-day simple moving average is $18.94 and its 200 day simple moving average is $18.14. The firm has a market capitalization of $90.48 million, a price-to-earnings ratio of 9.71 and a beta of 0.50. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. Chesapeake Financial Shares has a 52 week low of $16.29 and a 52 week high of $20.25.

Chesapeake Financial Shares (OTCMKTS:CPKF) last posted its quarterly earnings results on Monday, October 21st. The bank reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.01). The company 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%. Sell-side analysts forecast that Chesapeake Financial Shares will post 2.3 EPS for the current year.

Chesapeake Financial Shares Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.35%. This is an increase from Chesapeake Financial Shares’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, November 29th. Chesapeake Financial Shares’s payout ratio is 31.47%.

About Chesapeake Financial Shares

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.