Central Pacific Financial (NYSE:CPF) will release its quarterly earnings data before market open on Wednesday, January 26. Analysts expect the company to report earnings of $0.64 per share for the quarter. Those interested in registering for the company’s earnings conference call can do so using this link.
Central Pacific Financial (NYSE:CPF) last announced its results on Wednesday, October 27. The financial services provider reported earnings per share of $0.74 for the quarter, beating Thomson Reuters consensus estimate of $0.58 by $0.16. Central Pacific Financial had a return on equity of 12.69% and a net margin of 26.50%. The company posted revenue of $66.34 million in the quarter, compared to $63.53 million expected by analysts. In the same quarter last year, the company posted earnings per share of $0.24. On average, analysts expect Central Pacific Financial to post EPS of $3 for the current fiscal year and EPS of $2 for the next fiscal year.
CPF shares opened at $30.35 on Wednesday. The company’s 50-day moving average price is $28.31. Central Pacific Financial has a fifty-two week low of $18.38 and a fifty-two week high of $30.97. The company has a market capitalization of $848.80 million, a PE ratio of 12.29 and a beta of 1.28. The company has a debt ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.82.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 15. Shareholders of record on Tuesday, November 30 received a dividend of $0.25 per share. This represents an annualized dividend of $1.00 and a dividend yield of 3.29%. This is an increase from Central Pacific Financial’s previous quarterly dividend of $0.24. The ex-dividend date was Monday, November 29. Central Pacific Financial’s dividend payout ratio is currently 40.49%.
Separately, Zacks Investment Research downgraded Central Pacific Financial from a “Strong Buy” rating to a “Hold” rating in a Tuesday, Dec. 28 report.
A hedge fund recently increased its stake in shares of Central Pacific Financial. Morgan Stanley increased its stake in Central Pacific Financial Corp. (NYSE:CPF) by 112.1% in the second quarter, according to its latest filing with the Securities & Exchange Commission. The fund held 235,900 shares of the financial services provider after buying an additional 124,659 shares during the quarter. Morgan Stanley owned 0.84% of Central Pacific Financial worth $6,148,000 at the end of the last quarter. Institutional investors and hedge funds hold 88.40% of the company’s shares.
About Central Pacific Financial
Central Pacific Financial Corp. is a bank holding company that provides commercial banking services through its wholly owned subsidiary, Central Pacific Bank. It operates through the following segments: Banking, Treasury and All Others. The banking operations segment includes construction and real estate development loans, commercial loans, residential mortgage loans and services, indirect automobile loans, trust services and retail brokerage services.
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