Central Pacific Financial (CPF) to Release Earnings on Wednesday

Central Pacific Financial (NYSE:CPF) will post its quarterly earnings results before the market opens on Wednesday, April 24th. Analysts expect Central Pacific Financial to post earnings of $0.52 per share for the quarter.

Central Pacific Financial (NYSE:CPF) last announced its quarterly earnings data on Wednesday, January 30th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.05. The firm had revenue of $54.08 million during the quarter, compared to analysts’ expectations of $53.80 million. Central Pacific Financial had a return on equity of 12.30% and a net margin of 25.09%. On average, analysts expect Central Pacific Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of CPF stock opened at $29.36 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $846.65 million, a P/E ratio of 14.61 and a beta of 1.02. Central Pacific Financial has a twelve month low of $23.23 and a twelve month high of $31.61.

Separately, Zacks Investment Research cut Central Pacific Financial from a “hold” rating to a “sell” rating in a research report on Monday, February 11th.

In related news, Director John C. Dean sold 2,469 shares of Central Pacific Financial stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $30.00, for a total transaction of $74,070.00. Following the completion of the transaction, the director now directly owns 3,398 shares in the company, valued at $101,940. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John C. Dean sold 5,000 shares of Central Pacific Financial stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $29.53, for a total value of $147,650.00. Following the transaction, the director now owns 3,398 shares of the company’s stock, valued at $100,342.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,600 shares of company stock valued at $938,520. 3.80% of the stock is owned by company insiders.

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Central Pacific Financial Company Profile

Central Pacific Financial Corp. operates as the holding company for Central Pacific Bank that provides commercial banking products and services to businesses, professionals, and individuals in Hawaii. The company operates in three segments: Banking Operations, Treasury, and All Others. It offers various deposit products and services, including personal and business checking and savings accounts, money market accounts, and time certificates of deposit.

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Earnings History for Central Pacific Financial (NYSE:CPF)

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