StockNews.com upgraded shares of Central Pacific Financial (NYSE:CPF - Free Report) from a sell rating to a hold rating in a report released on Thursday morning.
Central Pacific Financial Stock Performance
Shares of NYSE CPF traded down $0.02 during trading on Thursday, hitting $29.54. The company had a trading volume of 87,098 shares, compared to its average volume of 197,410. The stock has a 50 day simple moving average of $28.96 and a 200 day simple moving average of $28.63. 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 12 month low of $18.19 and a 12 month high of $33.25. The firm has a market capitalization of $799.67 million, a P/E ratio of 15.00 and a beta of 1.19.
Central Pacific Financial (NYSE:CPF - Get Free Report) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.09. Central Pacific Financial had a return on equity of 12.03% and a net margin of 15.49%. As a group, analysts anticipate that Central Pacific Financial will post 2.75 earnings per share for the current year.
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 paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from Central Pacific Financial's previous quarterly dividend of $0.26. Central Pacific Financial's dividend payout ratio (DPR) is 52.79%.
Institutional Trading of Central Pacific Financial
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Picton Mahoney Asset Management purchased a new position in Central Pacific Financial during the 4th quarter valued at approximately $30,000. SBI Securities Co. Ltd. purchased a new position in Central Pacific Financial during the 4th quarter valued at approximately $31,000. nVerses Capital LLC purchased a new position in Central Pacific Financial during the 3rd quarter valued at approximately $50,000. Quarry LP purchased a new position in Central Pacific Financial during the 3rd quarter valued at approximately $53,000. Finally, Quantbot Technologies LP purchased a new position in Central Pacific Financial during the 4th quarter valued at approximately $55,000. Institutional investors own 88.42% of the company's stock.
Central Pacific Financial Company Profile
(
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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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