Central Pacific Financial (CPF) Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Central Pacific Financial in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" CPF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CPF, but not buy additional shares or sell existing shares.
View CPF analyst ratings or view top-rated stocks.

1 equities research analysts have issued 1 year price targets for Central Pacific Financial's stock. Their CPF share price forecasts range from $22.00 to $22.00. On average, they expect the company's stock price to reach $22.00 in the next year. This suggests a possible upside of 31.9% from the stock's current price.
View analysts price targets for CPF or view top-rated stocks among Wall Street analysts.

Central Pacific Financial's stock was trading at $20.28 at the beginning of the year. Since then, CPF shares have decreased by 17.8% and is now trading at $16.68.
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Central Pacific Financial saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,030,000 shares, an increase of 35.1% from the August 15th total of 762,300 shares. Based on an average daily trading volume, of 184,800 shares, the short-interest ratio is presently 5.6 days. Currently, 3.9% of the company's shares are sold short.
View Central Pacific Financial's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, October 20th 2023.
View our CPF earnings forecast.

Central Pacific Financial Corp. (NYSE:CPF) issued its quarterly earnings data on Wednesday, July, 26th. The financial services provider reported $0.53 EPS for the quarter, missing analysts' consensus estimates of $0.54 by $0.01. The financial services provider earned $79.76 million during the quarter, compared to analysts' expectations of $64.18 million. Central Pacific Financial had a trailing twelve-month return on equity of 14.70% and a net margin of 22.26%. During the same period in the prior year, the company posted $0.64 EPS.

Central Pacific Financial announced a quarterly dividend on Tuesday, July 25th. Investors of record on Thursday, August 31st will be paid a dividend of $0.26 per share on Friday, September 15th. This represents a $1.04 annualized dividend and a dividend yield of 6.24%. The ex-dividend date of this dividend is Wednesday, August 30th.
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).

Central Pacific Financial (NYSE:CPF) pays an annual dividend of $1.04 per share and currently has a dividend yield of 6.24%. 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 41.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CPF will have a dividend payout ratio of 51.23% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CPF.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "CPF."

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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One share of CPF stock can currently be purchased for approximately $16.68.

Central Pacific Financial (NYSE:CPF) has a market capitalization of $451.03 million and generates $280.58 million in revenue each year. The financial services provider earns $73.93 million in net income (profit) each year or $2.48 on an earnings per share basis.

The company employs 735 workers across the globe.

Central Pacific Financial's mailing address is 220 S KING ST, HONOLULU HI, 96813. The official website for the company is www.centralpacificbank.com. The financial services provider can be reached via phone at (808) 544-0500, via email at investor@centralpacificbank.com, or via fax at 808-532-7328.