Central Pacific Financial (NYSE:CPF) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Central Pacific Financial (NYSE:CPF – Get Rating) in a research note issued to investors on Thursday. The brokerage issued a hold rating on the financial services provider’s stock.

Central Pacific Financial Price Performance

Shares of CPF opened at $18.43 on Thursday. The firm has a market cap of $498.35 million, a PE ratio of 6.85 and a beta of 1.13. Central Pacific Financial has a 52-week low of $17.91 and a 52-week high of $28.89. The business’s 50 day moving average price is $21.99 and its two-hundred day moving average price is $21.26. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.83 and a current ratio of 0.83.

Central Pacific Financial (NYSE:CPF – Get Rating) last released its quarterly earnings data on Wednesday, January 25th. The financial services provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.13. Central Pacific Financial had a net margin of 26.35% and a return on equity of 16.13%. The company had revenue of $67.89 million during the quarter, compared to analyst estimates of $66.63 million. On average, equities analysts anticipate that Central Pacific Financial will post 2.52 EPS for the current year.

Central Pacific Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Tuesday, February 28th were given a dividend of $0.26 per share. The ex-dividend date was Monday, February 27th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.64%. Central Pacific Financial’s dividend payout ratio (DPR) is presently 38.66%.

Institutional Trading of Central Pacific Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors boosted its holdings in Central Pacific Financial by 127.6% in the first quarter. Captrust Financial Advisors now owns 1,853 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 1,039 shares in the last quarter. Wipfli Financial Advisors LLC acquired a new position in shares of Central Pacific Financial during the third quarter worth approximately $50,000. Tower Research Capital LLC TRC lifted its holdings in shares of Central Pacific Financial by 101.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,931 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 1,479 shares in the last quarter. Picton Mahoney Asset Management acquired a new stake in Central Pacific Financial in the 3rd quarter valued at $62,000. Finally, Point72 Hong Kong Ltd acquired a new stake in Central Pacific Financial in the 2nd quarter valued at $65,000. 89.76% of the stock is owned by institutional investors.

Central Pacific Financial Company Profile

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Central Pacific Financial Corp. is a bank holding company, which engages in the provision of commercial banking services through its wholly owned subsidiary, Central Pacific Bank. It operates through the following segments: Banking Operations, Treasury, and All Others. The Banking Operations segment includes construction and real estate development lending, commercial lending, residential mortgage lending and servicing, indirect auto lending, trust services, and retail brokerage services.