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

Chesapeake Financial Shares, Inc. (OTCMKTS:CPKF) saw a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 100 shares, a drop 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 Price Performance

Shares of OTCMKTS CPKF traded up $0.23 during trading on Friday, hitting $18.93. The company had a trading volume of 200 shares, compared to its average volume of 1,874. The company has a market cap of $89.54 million, a P/E ratio of 9.61 and a beta of 0.50. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. The business’s 50-day moving average is $18.95 and its 200 day moving average is $18.15. Chesapeake Financial Shares has a 52 week low of $16.45 and a 52 week high of $20.25.

Chesapeake Financial Shares (OTCMKTS:CPKF) last issued its earnings results on Monday, October 21st. The bank reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.01). The firm had revenue of $18.16 million during the quarter, compared to analyst estimates of $17.40 million. Chesapeake Financial Shares had a return on equity of 8.86% and a net margin of 9.73%. Equities research analysts predict that Chesapeake Financial Shares will post 2.3 earnings per share for the current fiscal year.

Chesapeake Financial Shares Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Sunday, December 1st will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.38%. This is a positive change from Chesapeake Financial Shares’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, November 29th. Chesapeake Financial Shares’s dividend payout ratio is presently 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.