Central Pacific Financial Stock Forecast, Price & 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. Since then, CPF shares have decreased by 22.6% and is now trading at $15.12.
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2 Wall Street 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, 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, October 28th 2020.
View our earnings forecast for Central Pacific Financial.

Central Pacific Financial will be holding an earnings conference call on Wednesday, October 28th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Central Pacific Financial Corp. (NYSE:CPF) released its earnings results on Wednesday, July, 29th. The financial services provider reported $0.35 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.22 by $0.13. The financial services provider earned $59.95 million during the quarter, compared to analysts' expectations of $58.16 million. Central Pacific Financial had a net margin of 18.39% and a return on equity of 8.82%.
View Central Pacific Financial's earnings history.

Central Pacific Financial announced a quarterly dividend on Tuesday, July 28th. Stockholders of record on Monday, August 31st will be given a dividend of $0.23 per share on Tuesday, September 15th. This represents a $0.92 annualized dividend and a dividend yield of 6.08%. The ex-dividend date is Friday, August 28th.
View Central Pacific Financial's dividend history.

Central Pacific Financial announced that its board has authorized a share buyback program on Thursday, June 20th 2019, which allows the company to buyback $30,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 3.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

2 brokers have issued 1-year target prices for Central Pacific Financial's stock. Their forecasts range from $15.00 to $15.00. On average, they expect Central Pacific Financial's share price to reach $15.00 in the next year. This suggests that the stock has a possible downside of 0.8%.
View analysts' price targets for Central Pacific Financial.

Central Pacific Financial saw a increase in short interest in September. As of September 15th, there was short interest totaling 348,200 shares, an increase of 39.6% from the August 31st total of 249,400 shares. Based on an average trading volume of 185,500 shares, the days-to-cover ratio is currently 1.9 days. Currently, 1.3% of the shares of the company are sold short.
View Central Pacific Financial's Short Interest.

Some companies that are related to Central Pacific Financial include Truist Financial (TFC), PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), SVB Financial Group (SIVB), M&T Bank (MTB), Regions Financial (RF), KeyCorp (KEY), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Zions Bancorporation, National Association (ZION), East West Bancorp (EWBC), First Citizens BancShares (FCNCA) and Signature Bank (SBNY).
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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.L) (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 variety of retail and institutional investors. Top institutional investors include Assenagon Asset Management S.A. (0.72%), Ziegler Capital Management LLC (0.16%), Envestnet Asset Management Inc. (0.06%), First Citizens Bank & Trust Co. (0.05%), Louisiana State Employees Retirement System (0.05%) and Diversified Trust Co (0.04%). Company insiders that own Central Pacific Financial stock include Agnes Catherine Ngo, Arnold D Martines, Blenn Fujimoto, Crystal Rose, Duane K Kurisu, Earl E Fry, John C Dean, Paul K Yonamine and Saedene K Ota.
View institutional ownership trends for Central Pacific Financial.

CPF stock was sold by a variety of institutional investors in the last quarter, including Ziegler Capital Management LLC. 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 acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., First Citizens Bank & Trust Co., Louisiana State Employees Retirement System, Diversified Trust Co, Envestnet Asset Management Inc., and Nisa Investment Advisors LLC. Company insiders that have bought Central Pacific Financial stock in the last two years include Agnes Catherine Ngo, Crystal Rose, Duane K Kurisu, Earl E Fry, Paul K Yonamine, and Saedene K Ota.
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 $15.12.

Central Pacific Financial has a market capitalization of $425.69 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, 96813. The financial services provider can be reached via phone at 808-544-0500 or via email at [email protected]