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 2 hold ratings 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.
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2 equities research analysts have issued 1-year price targets for Central Pacific Financial's stock. Their CPF share price forecasts range from $22.00 to $26.00. On average, they expect the company's stock price to reach $24.00 in the next twelve months. This suggests a possible upside of 15.4% from the stock's current price.
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Central Pacific Financial's stock was trading at $28.17 at the beginning of 2022. Since then, CPF shares have decreased by 26.2% and is now trading at $20.79.
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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) posted its quarterly earnings results 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 earned $66.34 million during the quarter, compared to analyst estimates of $63.53 million. Central Pacific Financial had a net margin of 28.12% and a trailing twelve-month return on equity of 15.70%. During the same quarter in the previous year, the firm earned $0.24 earnings per share.

Central Pacific Financial declared a quarterly dividend on Thursday, October 20th. Investors 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 yield of 5.00%. 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 4.98%. 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 variety of institutional and retail investors. Top institutional shareholders 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 $20.79.

Central Pacific Financial (NYSE:CPF) has a market capitalization of $566.11 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.