Central Pacific Financial (CPF) Projected to Post Earnings on Wednesday

Central Pacific Financial (NYSE:CPF - Get Free Report) is expected to be posting its quarterly earnings results before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.63 per share and revenue of $68.93 million for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.

Central Pacific Financial (NYSE:CPF - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.09. Central Pacific Financial had a net margin of 15.49% and a return on equity of 12.03%. On average, analysts expect Central Pacific Financial to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Central Pacific Financial Stock Performance

Shares of CPF stock traded up $0.19 during trading hours on Friday, hitting $25.11. The company's stock had a trading volume of 153,591 shares, compared to its average volume of 204,465. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.35. The company has a 50 day moving average of $26.97 and a 200 day moving average of $28.57. Central Pacific Financial has a 12-month low of $19.24 and a 12-month high of $33.25. The stock has a market cap of $680.88 million, a PE ratio of 12.75 and a beta of 0.98.

Central Pacific Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.30%. This is a positive change from Central Pacific Financial's previous quarterly dividend of $0.26. The ex-dividend date was Friday, February 28th. Central Pacific Financial's dividend payout ratio is presently 54.82%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Central Pacific Financial from a "sell" rating to a "hold" rating in a report on Thursday, March 20th.

Central Pacific Financial Company Profile

Central Pacific Financial Corp. operates as the bank holding company for Central Pacific Bank that provides a range of commercial banking products and services to businesses, professionals, and individuals in the United States. It offers various deposit products and services, including checking, savings and time deposits, cash management and digital banking, trust, and retail brokerage services, as well as money market accounts and certificates of deposit.