News stories about CPB (NYSE:CPF) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CPB earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 46.0495153057145 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of CPB (CPF) opened at 29.20 on Friday. CPB has a 12 month low of $24.46 and a 12 month high of $33.55. The firm has a market cap of $888.82 million, a P/E ratio of 18.60 and a beta of 1.15. The stock’s 50 day moving average price is $31.06 and its 200-day moving average price is $31.05.
CPB (NYSE:CPF) last announced its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by $0.01. The firm had revenue of $49.50 million for the quarter, compared to the consensus estimate of $51.40 million. CPB had a return on equity of 9.52% and a net margin of 22.59%. During the same period in the prior year, the business earned $0.39 earnings per share. Equities research analysts anticipate that CPB will post $1.64 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.47%. CPB’s dividend payout ratio is 45.86%.
CPF has been the subject of a number of recent research reports. BidaskClub downgraded CPB from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Zacks Investment Research upgraded CPB from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Friday, June 9th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $32.50 price objective on shares of CPB in a research report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $31.83.
In other news, Director Paul K. Yonamine purchased 1,400 shares of CPB stock in a transaction dated Tuesday, August 1st. The shares were bought at an average cost of $30.98 per share, with a total value of $43,372.00. Following the completion of the transaction, the director now directly owns 1,400 shares in the company, valued at approximately $43,372. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Earl E. Fry purchased 1,730 shares of CPB stock in a transaction dated Tuesday, June 13th. The shares were purchased at an average cost of $32.08 per share, for a total transaction of $55,498.40. Following the completion of the transaction, the director now owns 251 shares of the company’s stock, valued at $8,052.08. The disclosure for this purchase can be found here. Company insiders own 4.10% of the company’s stock.
CPB Company Profile
Central Pacific Financial Corp. is the bank holding company of Central Pacific Bank (the Bank). The Company’s segments include Banking Operations, Treasury and All Others. The Banking Operations segment includes construction and real estate development lending, commercial lending, residential mortgage lending, consumer lending, trust services, retail brokerage services and its retail branch offices, which provide a range of deposit and loan products, as well as various other banking services.
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