Central Pacific Financial (NYSE:CPF - Get Free Report) released its earnings results on Wednesday. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.09, Zacks reports. Central Pacific Financial had a return on equity of 12.12% and a net margin of 15.49%.
Central Pacific Financial Stock Up 1.5 %
CPF stock traded up $0.43 during midday trading on Friday, hitting $29.87. The company's stock had a trading volume of 292,922 shares, compared to its average volume of 203,847. The company's fifty day moving average price is $29.38 and its 200 day moving average price is $28.28. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.85. Central Pacific Financial has a twelve month low of $18.00 and a twelve month high of $33.25. The stock has a market capitalization of $808.43 million, a P/E ratio of 15.16 and a beta of 1.19.
Central Pacific Financial Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a dividend of $0.27 per share. This is a boost from Central Pacific Financial's previous quarterly dividend of $0.26. The ex-dividend date is Friday, February 28th. This represents a $1.08 annualized dividend and a yield of 3.62%. Central Pacific Financial's dividend payout ratio is presently 54.82%.
Analysts Set New Price Targets
Separately, StockNews.com downgraded Central Pacific Financial from a "hold" rating to a "sell" rating in a report on Tuesday.
Read Our Latest Research Report on CPF
About Central Pacific Financial
(
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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.
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