Central Pacific Financial - CPF Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Central Pacific Financial in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street 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.
View CPF analyst ratings or view top-rated stocks.

1 Wall Street research analysts have issued 12 month target prices for Central Pacific Financial's shares. Their CPF share price forecasts range from $22.00 to $26.00. On average, they anticipate the company's stock price to reach $24.00 in the next twelve months. This suggests a possible upside of 32.8% 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 2023. Since then, CPF shares have decreased by 10.9% and is now trading at $18.07.
View the best growth stocks for 2023 here.

Central Pacific Financial saw a decrease in short interest in February. As of February 15th, there was short interest totaling 653,700 shares, a decrease of 14.2% from the January 31st total of 762,100 shares. Based on an average trading volume of 160,300 shares, the days-to-cover ratio is presently 4.1 days. Approximately 2.5% 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 Wednesday, April 19th 2023.
View our CPF earnings forecast.

Central Pacific Financial Corp. (NYSE:CPF) posted its earnings results on Wednesday, January, 25th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.13. The financial services provider had revenue of $67.89 million for the quarter, compared to analysts' expectations of $66.63 million. Central Pacific Financial had a trailing twelve-month return on equity of 16.13% and a net margin of 26.35%.

Central Pacific Financial declared a quarterly dividend on Wednesday, January 25th. Stockholders of record on Tuesday, February 28th will be given a dividend of $0.26 per share on Wednesday, March 15th. This represents a $1.04 annualized dividend and a yield of 5.76%. The ex-dividend date of this dividend is Monday, February 27th.
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), Invesco S&P SmallCap Low Volatility ETF (XSLV), iShares US Small Cap Value Factor ETF (SVAL), Invesco S&P SmallCap Financials ETF (PSCF), Invesco S&P SmallCap Quality ETF (XSHQ), Principal U.S. Small-Cap Adaptive Multi-Factor ETF (PLTL), Vanguard US Multifactor ETF (VFMF) and SPDR S&P Regional Banking ETF (KRE).

Central Pacific Financial (NYSE:CPF) pays an annual dividend of $1.04 per share and currently has a dividend yield of 5.82%. 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 38.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CPF will have a dividend payout ratio of 40.78% 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 many different retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (3.47%), JPMorgan Chase & Co. (2.85%), Renaissance Technologies LLC (2.15%), Geode Capital Management LLC (1.88%), Morgan Stanley (1.74%) and Thrivent Financial for Lutherans (1.66%). Insiders that own company stock include Agnes Catherine Ngo, Arnold D Martines, Crystal Rose, Earl E Fry, George Craig Shapiro, Paul Kosasa and Saedene K Ota.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of CPF stock can currently be purchased for approximately $18.07.

Central Pacific Financial (NYSE:CPF) has a market capitalization of $488.61 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 $2.69 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.