Central Pacific Financial Corp. (NYSE:CPF) announced a quarterly dividend on Tuesday, October 22nd, Zacks reports. Investors of record on Friday, November 29th will be given a dividend of 0.23 per share by the financial services provider on Monday, December 16th. This represents a $0.92 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Wednesday, November 27th.
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Shares of CPF opened at $29.08 on Monday. The company has a market capitalization of $825.48 million, a PE ratio of 14.47 and a beta of 1.03. Central Pacific Financial has a one year low of $23.23 and a one year high of $30.82. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.85. The company’s fifty day moving average price is $28.97 and its 200 day moving average price is $28.87.
Central Pacific Financial (NYSE:CPF) last announced its earnings results on Wednesday, October 23rd. The financial services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. The firm had revenue of $55.92 million for the quarter, compared to the consensus estimate of $56.00 million. Central Pacific Financial had a net margin of 23.50% and a return on equity of 11.78%. Analysts anticipate that Central Pacific Financial will post 2.02 earnings per share for the current year.
Several brokerages recently commented on CPF. ValuEngine upgraded shares of Central Pacific Financial from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Compass Point set a $29.00 target price on shares of Central Pacific Financial and gave the stock a “hold” rating in a report on Thursday, September 12th. Finally, Zacks Investment Research downgraded shares of Central Pacific Financial from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th.
In other news, Director John C. Dean sold 6,700 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $29.95, for a total transaction of $200,665.00. Following the transaction, the director now owns 3,398 shares in the company, valued at approximately $101,770.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Arnold D. Martines sold 1,730 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $29.15, for a total transaction of $50,429.50. Following the transaction, the executive vice president now owns 1,815 shares in the company, valued at approximately $52,907.25. The disclosure for this sale can be found here. Company insiders own 3.80% of the company’s stock.
Central Pacific Financial Company Profile
Central Pacific Financial Corp. operates as the holding company for Central Pacific Bank that provides commercial banking products and services to businesses, professionals, and individuals in Hawaii. The company operates in three segments: Banking Operations, Treasury, and All Others. It offers various deposit products and services, including personal and business checking and savings accounts, money market accounts, and time certificates of deposit.
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