Central Pacific Financial - CPF Stock Forecast, Price & News

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

2 brokers have issued 12-month price targets for Central Pacific Financial's shares. Their CPF share price forecasts range from $26.00 to $29.00. On average, they predict the company's stock price to reach $27.50 in the next year. This suggests a possible upside of 16.3% from the stock's current price.
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Central Pacific Financial's stock was trading at $28.17 on January 1st, 2022. Since then, CPF shares have decreased by 16.1% and is now trading at $23.64.
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Central Pacific Financial saw a drop in short interest in the month of July. As of July 31st, there was short interest totaling 519,700 shares, a drop of 7.5% from the July 15th total of 562,000 shares. Based on an average daily volume of 153,900 shares, the days-to-cover ratio is presently 3.4 days. Approximately 1.9% of the shares of the company are sold short.
View Central Pacific Financial's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our CPF earnings forecast.

Central Pacific Financial Corp. (NYSE:CPF) issued its earnings results on Wednesday, July, 27th. The financial services provider reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.09. The financial services provider earned $70.12 million during the quarter, compared to the consensus estimate of $62.25 million. Central Pacific Financial had a trailing twelve-month return on equity of 15.60% and a net margin of 29.75%.

Central Pacific Financial declared a quarterly dividend on Tuesday, July 26th. Stockholders of record on Wednesday, August 31st will be given a dividend of $0.26 per share on Thursday, September 15th. This represents a $1.04 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date of this dividend is Tuesday, August 30th.
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 4.43%. 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 36.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CPF will have a dividend payout ratio of 40.31% 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 institutional and retail investors. Top institutional shareholders include Kennedy Capital Management Inc. (1.68%), Assenagon Asset Management S.A. (0.82%), Principal Financial Group Inc. (0.72%), State of New Jersey Common Pension Fund D (0.36%), Seizert Capital Partners LLC (0.31%) and Swiss National Bank (0.24%). 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.
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.
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One share of CPF stock can currently be purchased for approximately $23.64.

Central Pacific Financial (NYSE:CPF) has a market capitalization of $651.33 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 $2.88 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.