Central Pacific Financial Corp. (NYSE:CPF - Get Free Report) was down 5.7% during mid-day trading on Wednesday . The company traded as low as $27.36 and last traded at $27.48. Approximately 48,803 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 190,474 shares. The stock had previously closed at $29.15.
Central Pacific Financial Price Performance
The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a fifty day simple moving average of $28.11 and a 200 day simple moving average of $24.07. The company has a market capitalization of $724.18 million, a PE ratio of 13.05 and a beta of 1.13.
Central Pacific Financial (NYSE:CPF - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.10. Central Pacific Financial had a return on equity of 11.36% and a net margin of 16.44%. The firm had revenue of $87.96 million during the quarter, compared to the consensus estimate of $61.74 million. During the same period in the previous year, the company posted $0.53 earnings per share. Equities analysts anticipate that Central Pacific Financial Corp. will post 2.2 EPS for the current year.
Institutional Investors Weigh In On Central Pacific Financial
Several hedge funds have recently modified their holdings of CPF. CWM LLC raised its stake in Central Pacific Financial by 221.9% in the second quarter. CWM LLC now owns 1,957 shares of the financial services provider's stock worth $41,000 after buying an additional 1,349 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Central Pacific Financial by 660.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,488 shares of the financial services provider's stock worth $49,000 after acquiring an additional 2,161 shares in the last quarter. nVerses Capital LLC bought a new stake in Central Pacific Financial during the third quarter valued at about $50,000. USA Financial Formulas purchased a new position in Central Pacific Financial in the third quarter valued at about $81,000. Finally, Central Pacific Bank Trust Division bought a new position in Central Pacific Financial in the first quarter worth about $134,000. Hedge funds and other institutional investors own 88.42% of the company's stock.
About Central Pacific Financial
(
Get Free Report)
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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