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

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Central Pacific Financial in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CPF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CPF, but not buy additional shares or sell existing shares.
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1 equities research analysts have issued 12 month price objectives for Central Pacific Financial's shares. Their CPF share price forecasts range from $22.00 to $26.00. On average, they predict the company's share price to reach $24.00 in the next year. This suggests a possible upside of 62.8% from the stock's current price.
View analysts price targets for CPF or view top-rated stocks among Wall Street analysts.

Central Pacific Financial's stock was trading at $20.28 on January 1st, 2023. Since then, CPF stock has decreased by 27.3% and is now trading at $14.74.
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Central Pacific Financial saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 709,900 shares, an increase of 5.2% from the March 31st total of 674,800 shares. Based on an average daily volume of 211,300 shares, the days-to-cover ratio is currently 3.4 days. Approximately 2.7% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our CPF earnings forecast.

Central Pacific Financial Corp. (NYSE:CPF) released its earnings results on Wednesday, October, 27th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.58 by $0.16. The financial services provider earned $66.34 million during the quarter, compared to analysts' expectations of $63.53 million. Central Pacific Financial had a net margin of 23.88% and a trailing twelve-month return on equity of 15.56%. During the same period in the prior year, the firm posted $0.24 EPS.

Central Pacific Financial announced a quarterly dividend on Tuesday, April 25th. Shareholders of record on Wednesday, May 31st will be given a dividend of $0.26 per share on Thursday, June 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 7.06%. The ex-dividend date of this dividend is Tuesday, May 30th.
Read our dividend analysis for CPF.

ETFs with the largest weight of Central Pacific Financial (NYSE:CPF) stock in their portfolio include Invesco KBW High Dividend Yield Financial ETF (KBWD), Invesco S&P SmallCap Low Volatility ETF (XSLV), Invesco S&P SmallCap Financials ETF (PSCF), Invesco S&P SmallCap Quality ETF (XSHQ), Vanguard US Multifactor ETF (VFMF), SPDR S&P Regional Banking ETF (KRE) and Direxion Daily Regional Banks Bull 3x Shares (DPST).Schwab US Dividend Equity ETF (SCHD).

Central Pacific Financial (NYSE:CPF) pays an annual dividend of $1.04 per share and currently has a dividend yield of 6.97%. CPF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 40.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CPF will have a dividend payout ratio of 50.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CPF.

11 employees have rated Central Pacific Financial Chief Executive Officer Catherine Ngo on Glassdoor.com. Catherine Ngo has an approval rating of 54% among the company's employees. This puts Catherine Ngo in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Central Pacific Financial investors own include First Hawaiian (FHB), Altria Group (MO), Citigroup (C), Gilead Sciences (GILD), Philip Morris International (PM), Rio Tinto Group (RIO), Walgreens Boots Alliance (WBA), Bristol-Myers Squibb (BMY), Enterprise Products Partners (EPD) and Gentex (GNTX).

Central Pacific Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "CPF."

Central Pacific Financial's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.47%), State Street Corp (4.87%), Dimensional Fund Advisors LP (3.64%), Bank of New York Mellon Corp (2.81%), Charles Schwab Investment Management Inc. (2.71%) and Cramer Rosenthal Mcglynn LLC (2.51%). Insiders that own company stock include Agnes Catherine Ngo, Arnold D Martines, Christine H H Camp, Crystal Rose, Earl E Fry, George Craig Shapiro, Paul K Yonamine, Paul Kosasa and Saedene K Ota.
View institutional ownership trends.

Shares of CPF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CPF stock can currently be purchased for approximately $14.74.

Central Pacific Financial (NYSE:CPF) has a market capitalization of $406.09 million and generates $280.58 million in revenue each year. The financial services provider earns $73.93 million in net income (profit) each year or $2.59 on an earnings per share basis.

The company employs 760 workers across the globe.

Central Pacific Financial's mailing address is 220 S KING ST, HONOLULU HI, 96813. The official website for the company is www.centralpacificbank.com. The financial services provider can be reached via phone at (808) 544-0500, via email at investor@centralpacificbank.com, or via fax at 808-532-7328.