Central Pacific Financial (CPF) to Release Quarterly Earnings on Wednesday

Central Pacific Financial (NYSE:CPF) is scheduled to be announcing its earnings results before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.45 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Central Pacific Financial (NYSE:CPF) last released its earnings results on Wednesday, January 31st. The financial services provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.07. Central Pacific Financial had a net margin of 17.82% and a return on equity of 12.23%. The business had revenue of $89.29 million for the quarter, compared to the consensus estimate of $61.18 million. During the same period in the previous year, the firm earned $0.74 EPS. On average, analysts expect Central Pacific Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Central Pacific Financial Stock Up 0.7 %

NYSE CPF opened at $19.42 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.86 and a quick ratio of 0.86. The company’s 50 day simple moving average is $19.05 and its 200 day simple moving average is $18.49. Central Pacific Financial has a 12 month low of $13.22 and a 12 month high of $22.00. The company has a market capitalization of $525.12 million, a P/E ratio of 8.95 and a beta of 1.15.

Central Pacific Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a $0.26 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.36%. Central Pacific Financial’s payout ratio is currently 47.93%.

Insider Activity

In other news, Director Agnes Catherine Ngo sold 3,333 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $19.32, for a total transaction of $64,393.56. Following the sale, the director now owns 88,689 shares in the company, valued at $1,713,471.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 9,999 shares of company stock worth $192,547 over the last 90 days. 2.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, Piper Sandler boosted their target price on shares of Central Pacific Financial from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st.

Central Pacific Financial Company Profile

Central Pacific Financial Corp. operates as the bank holding company for Central Pacific Bank that provides a range of commercial banking products and services to businesses, professionals, and individuals in the United States. It offers various deposit products and services, including checking, savings and time deposits, cash management and digital banking, trust, and retail brokerage services, as well as money market accounts and certificates of deposit.