Central Pacific Financial (CPF) Expected to Announce Quarterly Earnings on Wednesday

Central Pacific Financial (NYSE:CPF) will likely be issuing its quarterly 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. Parties interested in registering for the company’s conference call can do so using this link.

Central Pacific Financial (NYSE:CPF) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates 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

CPF opened at $24.81 on Wednesday. The firm has a market cap of $672.64 million, a price-to-earnings ratio of 12.59 and a beta of 0.98. The company’s 50-day moving average price is $27.25 and its 200 day moving average price is $28.64. Central Pacific Financial has a fifty-two week low of $18.60 and a fifty-two week 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.

Central Pacific Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from Central Pacific Financial’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 4.35%. Central Pacific Financial’s dividend payout ratio (DPR) is currently 54.82%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Central Pacific Financial from a “sell” rating to a “hold” rating in a research report on Thursday, March 20th.

Central Pacific Financial Company Profile

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.