Central Pacific Financial - CPF Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Central Pacific Financial in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities research 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.
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2 analysts have issued twelve-month price objectives for Central Pacific Financial's shares. Their CPF share price forecasts range from $22.00 to $26.00. On average, they predict the company's share price to reach $24.00 in the next year. This suggests a possible upside of 17.2% from the stock's current price.
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Central Pacific Financial's stock was trading at $28.17 at the beginning of the year. Since then, CPF stock has decreased by 27.3% and is now trading at $20.48.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 25th 2023.
View our CPF earnings forecast.

Central Pacific Financial Corp. (NYSE:CPF) released its quarterly earnings data on Wednesday, October, 27th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.16. The financial services provider had revenue of $66.34 million for the quarter, compared to analysts' expectations of $63.53 million. Central Pacific Financial had a trailing twelve-month return on equity of 15.70% and a net margin of 28.12%. During the same quarter last year, the business earned $0.24 EPS.

Central Pacific Financial announced a quarterly dividend on Thursday, October 20th. Stockholders of record on Wednesday, November 30th will be paid a dividend of $0.26 per share on Thursday, December 15th. This represents a $1.04 annualized dividend and a dividend yield of 5.08%. The ex-dividend date of this dividend is Tuesday, 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 5.14%. 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 37.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CPF will have a dividend payout ratio of 41.77% 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."

Central Pacific Financial's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.89%), Vanguard Group Inc. (11.43%), State Street Corp (4.43%), Bank of New York Mellon Corp (3.91%), Dimensional Fund Advisors LP (3.51%) and Thrivent Financial for Lutherans (2.11%). Insiders that own company stock include Agnes Catherine Ngo, Arnold D Martines, Crystal Rose, George Craig Shapiro, John C Dean, 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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One share of CPF stock can currently be purchased for approximately $20.48.

Central Pacific Financial (NYSE:CPF) has a market capitalization of $557.63 million and generates $261.82 million in revenue each year. The financial services provider earns $79.89 million in net income (profit) each year or $2.75 on an earnings per share basis.

The company employs 760 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.