Media headlines about Central Pacific Financial (NYSE:CPF) have been trending somewhat positive on Friday, according to Accern. Accern ranks the sentiment of media coverage by analyzing more than 20 million news and blog 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. Central Pacific Financial earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 45.8689475136474 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Central Pacific Financial (NYSE:CPF) opened at $30.85 on Friday. Central Pacific Financial has a 52 week low of $27.34 and a 52 week high of $33.55. The stock has a market cap of $900.23, a P/E ratio of 19.40 and a beta of 1.19. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.18.
Central Pacific Financial (NYSE:CPF) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). The firm had revenue of $51.69 million for the quarter, compared to the consensus estimate of $52.43 million. Central Pacific Financial had a return on equity of 9.64% and a net margin of 22.45%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.37 earnings per share. equities research analysts predict that Central Pacific Financial will post 1.62 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were given a $0.18 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $0.72 annualized dividend and a yield of 2.33%. Central Pacific Financial’s dividend payout ratio is currently 45.28%.
Central Pacific Financial announced that its board has approved a stock repurchase plan on Wednesday, November 15th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
Separately, Zacks Investment Research cut shares of Central Pacific Financial from a “hold” rating to a “sell” rating in a research note on Monday, December 18th.
In related news, insider Blenn Fujimoto sold 3,350 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $30.19, for a total value of $101,136.50. Following the sale, the insider now directly owns 16,686 shares of the company’s stock, valued at approximately $503,750.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.10% of the company’s stock.
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About Central Pacific Financial
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.
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