Central Pacific Financial Stock Forecast, Price & News

Central Pacific Financial's stock was trading at $19.54 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CPF shares have decreased by 25.0% and is now trading at $14.66.
View which stocks have been most impacted by COVID-19.

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, October 28th 2020.
View our earnings forecast for Central Pacific Financial.

Central Pacific Financial Corp. (NYSE:CPF) posted its quarterly earnings data 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 declared a quarterly dividend on Tuesday, July 28th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.23 per share on Tuesday, September 15th. This represents a $0.92 dividend on an annualized basis and a yield of 6.28%. The ex-dividend date of this dividend is Friday, August 28th.
View Central Pacific Financial's dividend history.

Central Pacific Financial announced that its Board of Directors has initiated a stock repurchase plan on Thursday, June 20th 2019, which permits the company to repurchase $30,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its stock is undervalued.

Central Pacific Financial saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 249,400 shares, a drop of 22.8% from the August 15th total of 323,200 shares. Based on an average daily trading volume, of 188,600 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.9% of the company's stock are short sold.
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), M&T Bank (MTB), SVB Financial Group (SIVB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Zions Bancorporation NA (ZION), East West Bancorp (EWBC), Signature Bank (SBNY), Prosperity Bancshares (PB) and Cullen/Frost Bankers (CFR).
View all competitors.

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 (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 Vanguard Group Inc. (10.58%), Bank of New York Mellon Corp (3.90%), Goldman Sachs Group Inc. (2.71%), Nuveen Asset Management LLC (2.65%), Granite Investment Partners LLC (1.97%) and Bank of Montreal Can (1.26%). 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 Russell Investments Group Ltd., Assenagon Asset Management S.A., Vanguard Group Inc., Goldman Sachs Group Inc., Public Employees Retirement System of Ohio, FMR LLC, FMR LLC, and AQR 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 purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Bank of New York Mellon Corp, WINTON GROUP Ltd, Granite Investment Partners LLC, Bank of Montreal Can, AJO LP, Two Sigma Advisers LP, and Bridgeway Capital Management Inc.. 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 $14.66.

Central Pacific Financial has a market capitalization of $412.74 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]