Central Pacific Financial Stock Price, News & Analysis (NYSE:CPF)

Central Pacific Financial's stock was trading at $20.28 at the start of the year. Since then, CPF shares have decreased by 9.1% and is now trading at $18.43.
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Central Pacific Financial saw a increase in short interest in the month of October. As of October 31st, there was short interest totaling 930,500 shares, an increase of 36.3% from the October 15th total of 682,900 shares. Based on an average trading volume of 169,300 shares, the days-to-cover ratio is currently 5.5 days. Currently, 3.5% of the company's stock are short sold.
View Central Pacific Financial's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 24th 2024.
View our CPF earnings forecast.

Central Pacific Financial Corp. (NYSE:CPF) issued its quarterly earnings results on Wednesday, October, 25th. The financial services provider reported $0.49 EPS for the quarter, missing the consensus estimate of $0.52 by $0.03. The financial services provider had revenue of $82.46 million for the quarter, compared to analyst estimates of $62.35 million. Central Pacific Financial had a net margin of 20.20% and a trailing twelve-month return on equity of 13.70%. During the same quarter in the previous year, the firm earned $0.61 earnings per share.

Central Pacific Financial declared a quarterly dividend on Tuesday, October 24th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.26 per share on Friday, December 15th. This represents a $1.04 annualized dividend and a dividend yield of 5.64%. The ex-dividend date of this dividend is Wednesday, November 29th.
Read our dividend analysis for CPF.

Central Pacific Financial (NYSE:CPF) pays an annual dividend of $1.04 per share and currently has a dividend yield of 5.66%. CPF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 44.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CPF will have a dividend payout ratio of 53.89% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CPF.

ETFs with the largest weight of Central Pacific Financial (NYSE:CPF) stock in their portfolio include Invesco KBW High Dividend Yield Financial ETF (KBWD).ProShares Russell 2000 Dividend Growers ETF (SMDV).

11 employees have rated Central Pacific Financial Chief Executive Officer Catherine Ngo on Glassdoor.com. Catherine Ngo has an approval rating of 54% among the company's employees. This puts Catherine Ngo in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Central Pacific Financial investors own include First Hawaiian (FHB), Altria Group (MO), Citigroup (C), Gilead Sciences (GILD), Philip Morris International (PM), Rio Tinto Group (RIO), Walgreens Boots Alliance (WBA), Bristol-Myers Squibb (BMY), Enterprise Products Partners (EPD) and Gentex (GNTX).

Central Pacific Financial's stock is owned by many different retail and institutional investors. Top institutional shareholders include Charles Schwab Investment Management Inc. (3.04%), Wellington Management Group LLP (2.40%), Ameriprise Financial Inc. (2.20%), Kennedy Capital Management LLC (1.76%), Bank of New York Mellon Corp (1.69%) and Invesco Ltd. (1.66%). Insiders that own company stock include Agnes Catherine Ngo, Arnold D Martines, Christine H H Camp, Earl E Fry, George Craig Shapiro, Paul K Yonamine, Paul Kosasa and Saedene K Ota.
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Shares of CPF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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