Central Pacific Financial (CPF) to Release Earnings on Wednesday

Central Pacific Financial (NYSE:CPF) is expected to be releasing its earnings data before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.63 per share and revenue of $68.93 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Central Pacific Financial (NYSE:CPF) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.70 earnings per share (EPS) 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 CPF stock opened at $25.11 on Monday. The business has a fifty day simple moving average of $26.97 and a 200 day simple moving average of $28.57. Central Pacific Financial has a twelve month low of $19.24 and a twelve month high of $33.25. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.35. The company has a market cap of $680.88 million, a P/E ratio of 12.75 and a beta of 0.98.

Central Pacific Financial Increases Dividend

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

Analyst Upgrades and Downgrades

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.

About Central Pacific Financial

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.