NYSE:CPFCentral Pacific Financial Stock Price, Forecast & News

Central Pacific Financial's stock was trading at $19.54 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CPF stock has decreased by 17.8% and is now trading at $16.07. View which stocks have been most impacted by Coronavirus.

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Central Pacific Financial in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Central Pacific Financial.

Central Pacific Financial is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for Central Pacific Financial.

Central Pacific Financial Corp. (NYSE:CPF) posted its earnings results on Wednesday, April, 22nd. The financial services provider reported $0.29 earnings per share for the quarter, meeting analysts' consensus estimates of $0.29. The financial services provider had revenue of $56.72 million for the quarter, compared to analyst estimates of $56.10 million. Central Pacific Financial had a net margin of 19.76% and a return on equity of 9.63%. View Central Pacific Financial's earnings history.

Central Pacific Financial announced a quarterly dividend on Tuesday, April 21st. Shareholders of record on Friday, May 29th will be given a dividend of $0.23 per share on Monday, June 15th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.72%. The ex-dividend date is Thursday, May 28th. View Central Pacific Financial's dividend history.

Central Pacific Financial announced that its Board of Directors has authorized a stock buyback program on Thursday, June 20th 2019, which authorizes the company to repurchase $30,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 3.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board believes its shares are undervalued.

1 Wall Street analysts have issued 12-month price targets for Central Pacific Financial's stock. Their forecasts range from $29.00 to $29.00. On average, they expect Central Pacific Financial's stock price to reach $29.00 in the next year. This suggests a possible upside of 80.5% from the stock's current price. View analysts' price targets for Central Pacific Financial.

Press coverage about CPF stock has been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Central Pacific Financial earned a news sentiment score of 0.9 on InfoTrie's scale. They also gave news articles about the financial services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutCentral Pacific Financial.

Central Pacific Financial saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 546,000 shares, an increase of 31.5% from the April 30th total of 415,200 shares. Based on an average daily volume of 223,100 shares, the days-to-cover ratio is currently 2.4 days. Currently, 2.0% of the shares of the stock are short sold. View Central Pacific Financial's Current Options Chain.

Some companies that are related to Central Pacific Financial include Truist Financial (TFC), PNC Financial Services Group (PNC), SunTrust Banks (STI), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), Regions Financial (RF), SVB Financial Group (SIVB), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Signature Bank (SBNY), Zions Bancorporation NA (ZION) and East West Bancorp (EWBC). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Central Pacific Financial investors own include First Hawaiian (FHB), Citigroup (C), Altria Group (MO), Philip Morris International (PM), Rio Tinto (RIO), Walgreens Boots Alliance (WBA), Enterprise Products Partners (EPD), Gilead Sciences (GILD), Las Vegas Sands (LVS) and Main Street Capital (MAIN).

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 shareholders include BlackRock Inc. (14.70%), State Street Corp (3.80%), Bank of New York Mellon Corp (3.33%), JPMorgan Chase & Co. (3.21%), Invesco Ltd. (3.11%) and Acadian Asset Management LLC (2.64%). Company insiders that own Central Pacific Financial stock include Agnes Catherine Ngo, Arnold D Martines, Blenn Fujimoto, Christine H H Camp, Duane K Kurisu, Earl E Fry, John C Dean and Paul K Yonamine. View institutional ownership trends for Central Pacific Financial.

CPF stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Morgan Stanley, Spark Investment Management LLC, Bank of New York Mellon Corp, Polaris Capital Management LLC, Citigroup Inc., Parametric Portfolio Associates LLC, and KBC Group NV. Company insiders that have sold Central Pacific Financial company stock in the last year include Arnold D Martines, and John C Dean. View insider buying and selling activity for Central Pacific Financial.

CPF stock was purchased by a variety of institutional investors in the last quarter, including Matarin Capital Management LLC, Acadian Asset Management LLC, Assenagon Asset Management S.A., Nuveen Asset Management LLC, State Street Corp, Ziegler Capital Management LLC, Two Sigma Investments LP, and Invesco Ltd.. Company insiders that have bought Central Pacific Financial stock in the last two years include Agnes Catherine Ngo, Christine H H Camp, Duane K Kurisu, Earl E Fry, and Paul K Yonamine. View insider buying and selling activity for Central Pacific Financial.

Shares of CPF can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of CPF stock can currently be purchased for approximately $16.07.

Central Pacific Financial has a market capitalization of $451.81 million and generates $258.18 million in revenue each year. The financial services provider earns $58.32 million in net income (profit) each year or $2.03 on an earnings per share basis. Central Pacific Financial employs 773 workers across the globe.

The official website for Central Pacific Financial is www.centralpacificbank.com.

Central Pacific Financial's mailing address is 220 S KING ST, HONOLULU HI, 96811. The financial services provider can be reached via phone at 808-544-0500 or via email at [email protected]