|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||14.66|
|Dividend & Yield||0.50 (1.83%)|
|1y Target Est||N/A|
Categories: Yahoo FinanceChesapeake Financial Shares, Inc. (Maryland) relative valuation is now NEUTRAL. It was previously rated UNDERVALUED, and has a fundamental analysis score of 29. Our analysis is based on comparing Chesapeake Financial Shares, Inc. (Maryland) with the following peers – Customers Bancorp, Inc., Old Point Financial Corporation and SVB Financial Group (CUBI-US, OPOF-US and SIVB-US). Relative ... Read more (Read more...)
CPKF’s (CPKF) first quarter net earnings rose $0.6 million year over year, or 32%, to $2.6 million, while 2017’s first quarter diluted EPS increased by $0.15, or 32%, to $0.63 from $0.48 posted a year ago. This was much better than our estimate, which had called for a $0.1 million gain in net earnings to $2.0 million (off by $0.6 million) and a $0.02 advance in diluted EPS to $0.50 (off by $0.13). The major reasons for the first quarter’s $0.6 million increase in net earnings versus the prior-year quarter were a $1.7 million, or 16%, advance in net revenues due to higher net interest income (up $0.1 million) and larger noninterest income (up $1.6 million from merchant card income and other miscellaneous income), partly offset by a $0.7 million, or 9%, rise in total noninterest expense, mostly from greater merchant card expense.
President Donald Trump promised in a meeting with community bankers on Thursday to strip away some Dodd-Frank financial regulations and ensure they can continue giving small businesses access to capital. Trump, joined by National Economic Council Director Gary Cohn and Treasury Secretary Steve Mnuchin, said community banks play a "vital role" in the U.S. economy. Community banks are the backbone of small business in America," Trump said at the beginning of the meeting.