Central Pacific Financial (NYSE:CPF) Now Covered by Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Central Pacific Financial (NYSE:CPFGet Rating) in a research note issued to investors on Thursday. The firm set a “hold” rating on the financial services provider’s stock.

Central Pacific Financial Price Performance

Shares of CPF stock opened at $19.39 on Thursday. The firm has a market cap of $524.31 million, a P/E ratio of 7.21 and a beta of 1.13. Central Pacific Financial has a fifty-two week low of $17.91 and a fifty-two week high of $28.89. The business’s 50 day moving average price is $22.08 and its 200-day moving average price is $21.32. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.83 and a current ratio of 0.83.

Central Pacific Financial (NYSE:CPFGet Rating) last released its earnings results on Wednesday, January 25th. The financial services provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.13. The company had revenue of $67.89 million during the quarter, compared to analysts’ expectations of $66.63 million. Central Pacific Financial had a return on equity of 16.13% and a net margin of 26.35%. On average, equities research analysts anticipate that Central Pacific Financial will post 2.52 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CPF. Wipfli Financial Advisors LLC purchased a new position in Central Pacific Financial during the third quarter valued at $50,000. Captrust Financial Advisors raised its stake in Central Pacific Financial by 127.6% during the first quarter. Captrust Financial Advisors now owns 1,853 shares of the financial services provider’s stock valued at $52,000 after buying an additional 1,039 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Central Pacific Financial by 101.9% during the third quarter. Tower Research Capital LLC TRC now owns 2,931 shares of the financial services provider’s stock valued at $61,000 after buying an additional 1,479 shares during the last quarter. Picton Mahoney Asset Management purchased a new position in Central Pacific Financial during the third quarter valued at $62,000. Finally, Point72 Hong Kong Ltd purchased a new position in Central Pacific Financial during the second quarter valued at $65,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.

About Central Pacific Financial

(Get Rating)

Central Pacific Financial Corp. is a bank holding company, which engages in the provision of commercial banking services through its wholly owned subsidiary, Central Pacific Bank. It operates through the following segments: Banking Operations, Treasury, and All Others. The Banking Operations segment includes construction and real estate development lending, commercial lending, residential mortgage lending and servicing, indirect auto lending, trust services, and retail brokerage services.

See Also

Receive News & Ratings for Central Pacific Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Central Pacific Financial and related companies with MarketBeat.com's FREE daily email newsletter.