Somewhat Positive Media Coverage Somewhat Unlikely to Impact Central Pacific Financial (CPF) Share Price
Headlines about Central Pacific Financial (NYSE:CPF) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Central Pacific Financial earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 45.8863471605284 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Central Pacific Financial (NYSE CPF) opened at $29.92 on Friday. The company has a market capitalization of $901.43, a PE ratio of 18.82 and a beta of 1.19. Central Pacific Financial has a twelve month low of $27.34 and a twelve month high of $33.55. 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 issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). The firm had revenue of $51.69 million during the quarter, compared to the consensus estimate of $52.43 million. Central Pacific Financial had a net margin of 22.45% and a return on equity of 9.64%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.37 earnings per share. sell-side analysts anticipate that Central Pacific Financial will post 1.62 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were issued a $0.18 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.41%. Central Pacific Financial’s dividend payout ratio (DPR) is 45.28%.
Central Pacific Financial announced that its Board of Directors has approved a share repurchase plan on Wednesday, November 15th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.
Separately, Zacks Investment Research raised Central Pacific Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd.
In other news, insider Blenn Fujimoto sold 3,350 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was 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 in the company, valued at $503,750.34. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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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