NYSE:CPFCentral Pacific Financial Stock Price, Forecast & 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 (WHO). Since then, CPF shares have decreased by 25.6% and is now trading at $14.54. 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) released its quarterly earnings results on Wednesday, April, 22nd. The financial services provider reported $0.29 earnings per share (EPS) 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 the consensus estimate of $56.10 million. Central Pacific Financial had a return on equity of 9.63% and a net margin of 19.76%. View Central Pacific Financial's earnings history.

Central Pacific Financial declared a quarterly dividend on Tuesday, April 21st. Stockholders of record on Friday, May 29th will be paid a dividend of $0.23 per share on Monday, June 15th. This represents a $0.92 annualized dividend and a dividend yield of 6.33%. The ex-dividend date is Thursday, May 28th. View Central Pacific Financial's dividend history.

Central Pacific Financial declared that its board 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 buy up to 3.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its shares are undervalued.

1 Wall Street analysts have issued 1 year price targets for Central Pacific Financial's shares. Their forecasts range from $29.00 to $29.00. On average, they expect Central Pacific Financial's share price to reach $29.00 in the next year. This suggests a possible upside of 99.4% from the stock's current price. View analysts' price targets for Central Pacific Financial.

News coverage about CPF stock has trended positive recently, InfoTrie Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Central Pacific Financial earned a media sentiment score of 2.5 on InfoTrie's scale. They also assigned media coverage 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 impact on the stock's share price in the next several days. View the latest news about Central Pacific Financial.

Central Pacific Financial saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 426,800 shares, an increase of 24.9% from the June 15th total of 341,600 shares. Based on an average daily trading volume, of 246,200 shares, the days-to-cover ratio is presently 1.7 days. Approximately 1.6% of the shares of the stock are sold short. 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), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Signature Bank (SBNY), Zions Bancorporation NA (ZION), Prosperity Bancshares (PB), East West Bancorp (EWBC) 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), 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 a variety of institutional and retail investors. Top institutional investors include Envestnet Asset Management Inc. (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 and Paul K Yonamine. View institutional ownership trends for Central Pacific Financial.

CPF stock was acquired by a variety of institutional investors in the last quarter, including Envestnet Asset 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, 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 $14.54.

Central Pacific Financial has a market capitalization of $408.79 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]