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

Chesapeake Financial Shares (OTCMKTS:CPKF) released its quarterly earnings results on Wednesday. The bank reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.17, Zacks reports. Chesapeake Financial Shares had a return on equity of 16.59% and a net margin of 20.61%. The firm had revenue of $23.64 million for the quarter, compared to the consensus estimate of $22.30 million.

Chesapeake Financial Shares Price Performance

Chesapeake Financial Shares stock opened at $38.50 on Friday. Chesapeake Financial Shares has a one year low of $22.50 and a one year high of $39.75. The stock has a fifty day moving average of $38.89 and a 200 day moving average of $36.97. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.69 and a current ratio of 0.69. The stock has a market cap of $180.56 million, a PE ratio of 7.89 and a beta of 0.24.

Chesapeake Financial Shares Company Profile

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.