CPB (NYSE:CPF) Given Daily News Impact Rating of 0.22

Press coverage about CPB (NYSE:CPF) has trended somewhat positive on Friday, Accern reports. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. CPB earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 46.2894980276086 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:

Several analysts have recently issued reports on CPF shares. Piper Jaffray Companies reaffirmed a “hold” rating and set a $32.50 price objective on shares of CPB in a report on Friday, July 14th. Zacks Investment Research lowered CPB from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Finally, BidaskClub lowered CPB from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. CPB currently has a consensus rating of “Hold” and a consensus target price of $30.25.

Shares of CPB (CPF) opened at 31.74 on Friday. The stock has a market cap of $966.13 million, a price-to-earnings ratio of 20.22 and a beta of 1.18. The company’s 50-day moving average price is $31.17 and its 200 day moving average price is $30.86. CPB has a 12-month low of $24.54 and a 12-month high of $33.55.

CPB (NYSE:CPF) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.02). The company had revenue of $51.69 million for the quarter, compared to analyst estimates of $52.43 million. CPB had a return on equity of 9.64% and a net margin of 22.45%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the firm posted $0.37 EPS. On average, equities analysts predict that CPB will post $1.60 earnings per share for the current year.

In related news, Director Paul K. Yonamine acquired 1,400 shares of the stock in a transaction on Tuesday, August 1st. The shares were bought at an average price of $30.98 per share, with a total value of $43,372.00. Following the completion of the purchase, the director now owns 1,400 shares of the company’s stock, valued at approximately $43,372. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.10% of the company’s stock.

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About CPB

Central Pacific Financial Corp. is the bank holding company of Central Pacific Bank (the Bank). The Company’s segments include Banking Operations, Treasury and All Others. The Banking Operations segment includes construction and real estate development lending, commercial lending, residential mortgage lending, consumer lending, trust services, retail brokerage services and its retail branch offices, which provide a range of deposit and loan products, as well as various other banking services.

Insider Buying and Selling by Quarter for CPB (NYSE:CPF)

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