Central Pacific Financial (CPF) to Release Earnings on Wednesday

Central Pacific Financial (NYSE:CPF - Get Free Report) is expected to be posting its quarterly earnings results before the market opens on Wednesday, April 23rd. Analysts expect Central Pacific Financial to post earnings of $0.63 per share and revenue of $68.93 million for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Central Pacific Financial (NYSE:CPF - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.09. Central Pacific Financial had a net margin of 15.49% and a return on equity of 12.03%. On average, analysts expect Central Pacific Financial to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Central Pacific Financial Price Performance

Shares of NYSE CPF traded up $0.19 during trading on Friday, reaching $25.11. The company had a trading volume of 153,591 shares, compared to its average volume of 205,345. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.85 and a current ratio of 0.85. Central Pacific Financial has a 52 week low of $18.61 and a 52 week high of $33.25. The stock has a market cap of $680.88 million, a PE ratio of 12.75 and a beta of 0.98. The business's 50 day moving average price is $27.07 and its 200-day moving average price is $28.58.

Central Pacific Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a dividend of $0.27 per share. This is a boost from Central Pacific Financial's previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 4.30%. The ex-dividend date was Friday, February 28th. Central Pacific Financial's payout ratio is currently 54.82%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Central Pacific Financial from a "sell" rating to a "hold" rating in a research report on Thursday, March 20th.

Central Pacific Financial Company Profile

Central Pacific Financial Corp. operates as the bank holding company for Central Pacific Bank that provides a range of commercial banking products and services to businesses, professionals, and individuals in the United States. It offers various deposit products and services, including checking, savings and time deposits, cash management and digital banking, trust, and retail brokerage services, as well as money market accounts and certificates of deposit.