Central Pacific Financial (CPF) Stock Price, News & Analysis

Company Overview

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. The company also provides various lending activities, such as commercial, commercial and residential mortgage, home equity, and consumer loans; and other products and services comprising debit cards, internet and mobile banking, cash management services, full-service ATMs, safe deposit boxes, international banking services, night depository facilities, foreign exchange, and wire transfers. In addition, it offers wealth management products and services that include non-deposit investment products, annuities, insurance, investment management, asset custody and general consultation, and planning services. The company was founded in 1954 and is headquartered in Honolulu, Hawaii.

Key Stats

• Today's Range: $31.00 to $31.00
• 50-Day Range: $26.41 to $31.86
• 52-Week Range: $16.95 to $32.21
• Volume: 125 shs
• Average Volume: 195,143 shs
• Market Capitalization: $839.17 million
• P/E Ratio: 14.76
• Dividend Yield: 3.35%
• Price Target: $24.00
• Consensus Rating: Buy

Central Pacific Financial Stock Analysis - MarketRank™

Central Pacific Financial scored higher than 78% of companies evaluated by MarketBeat, and ranked 328th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.5 / 5
• Analyst Rating: Buy

Consensus Rating

Central Pacific Financial has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Central Pacific Financial has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 11.35%

Earnings Growth

Earnings for Central Pacific Financial are expected to grow by 11.35% in the coming year, from $2.29 to $2.55 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Central Pacific Financial is 14.60, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.26.

Price to Earnings Ratio vs. Sector

The P/E ratio of Central Pacific Financial is 14.60, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.18.

Price to Book Value per Share Ratio

Central Pacific Financial has a P/B Ratio of 1.53. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.80% of the float of Central Pacific Financial has been sold short.

Short Interest Ratio / Days to Cover

Central Pacific Financial has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Central Pacific Financial has recently increased by 5.54%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Central Pacific Financial pays a meaningful dividend of 3.38%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Central Pacific Financial does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Central Pacific Financial is 49.52%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Central Pacific Financial will have a dividend payout ratio of 40.78% next year. This indicates that Central Pacific Financial will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.8 / 5
• Environmental Score: -0.60

Percentage of Shares Shorted

2.80% of the float of Central Pacific Financial has been sold short.

Short Interest Ratio / Days to Cover

Central Pacific Financial has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Central Pacific Financial has recently increased by 5.54%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.3 / 5
• News Sentiment: 0.39

News Sentiment

Central Pacific Financial has a news sentiment score of 0.39. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Central Pacific Financial this week, compared to 2 articles on an average week.

MarketBeat Follows

Only 1 people have added Central Pacific Financial to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Central Pacific Financial insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.70% of the stock of Central Pacific Financial is held by insiders.

Percentage Held by Institutions

88.42% of the stock of Central Pacific Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CPF Stock Analysis - Frequently Asked Questions

How have CPF shares performed this year?

Central Pacific Financial's stock was trading at $19.68 at the beginning of the year. Since then, CPF shares have increased by 55.8% and is now trading at $30.6550.
View the best growth stocks for 2024 here.

How were Central Pacific Financial's earnings last quarter?

Central Pacific Financial Corp. (NYSE:CPF) released its earnings results on Wednesday, July, 31st. The financial services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.10. The financial services provider earned $87.96 million during the quarter, compared to analysts' expectations of $61.74 million. Central Pacific Financial had a net margin of 16.10% and a trailing twelve-month return on equity of 11.44%.

Who are Central Pacific Financial's major shareholders?

Central Pacific Financial's top institutional investors include State Street Corp (4.54%), Charles Schwab Investment Management Inc. (3.72%), Geode Capital Management LLC (2.37%) and Basswood Capital Management L.L.C. (1.93%). Insiders that own company stock include Agnes Catherine Ngo, Earl E Fry, Paul K Yonamine, Christine H H Camp and Arnold D Martines.
View institutional ownership trends.

How do I buy shares of Central Pacific Financial?

Shares of CPF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Central Pacific Financial own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Central Pacific Financial investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), AUO (AUOTY) and DiamondRock Hospitality (DRH).

Company Calendar

• Last Earnings: 7/31/2024
• Ex-Dividend for 9/16 Dividend: 8/30/2024
• Dividend Payable: 9/16/2024
• Today: 11/21/2024
• Ex-Dividend for 12/16 Dividend: 11/29/2024
• Dividend Payable: 12/16/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/29/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Regional Banks
• Current Symbol: NYSE:CPF
• CUSIP: 15476040
• CIK: 701347
• Web: www.centralpacificbank.com
• Phone: (808) 544-0500
• Fax: 808-532-7328
• Employees: 696
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $24.00
• High Stock Price Target: $24.00
• Low Stock Price Target: $24.00
• Potential Upside/Downside: -21.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.10
• Trailing P/E Ratio: 14.60
• Forward P/E Ratio: 13.39
• P/E Growth: N/A
• Net Income: $58.67 million
• Net Margins: 16.10%
• Pretax Margin: 20.87%
• Return on Equity: 11.44%
• Return on Assets: 0.79%

Debt

• Debt-to-Equity Ratio: 0.29
• Current Ratio: 0.85
• Quick Ratio: 0.85

Sales & Book Value

• Annual Sales: $248.92 million
• Price / Sales: 3.33
• Cash Flow: $2.53 per share
• Price / Cash Flow: 12.10
• Book Value: $18.63 per share
• Price / Book: 1.65

Miscellaneous

• Outstanding Shares: 27,065,000
• Free Float: 26,443,000
• Market Cap: $829.68 million
• Optionable: Optionable
• Beta: 1.14