Media headlines about CPB (NYSE:CPF) have trended somewhat positive recently, Accern reports. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CPB earned a daily sentiment score of 0.04 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 47.0131022097341 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of CPB (CPF) opened at $31.21 on Friday. CPB has a 12-month low of $27.34 and a 12-month high of $33.55. The company has a market cap of $950.23, a price-to-earnings ratio of 19.84 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.75 and a quick ratio of 0.75.
CPB (NYSE:CPF) last released its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.39 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.02). CPB had a net margin of 22.45% and a return on equity of 9.64%. The business had revenue of $51.69 million during the quarter, compared to analysts’ expectations of $52.43 million. During the same quarter last year, the company earned $0.37 EPS. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. equities analysts forecast that CPB will post 1.62 earnings per share for the current year.
CPB declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, November 15th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.
Separately, Zacks Investment Research upgraded shares of CPB from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $32.50.
In other news, insider Blenn Fujimoto sold 3,350 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $30.19, for a total transaction of $101,136.50. Following the transaction, the insider now directly owns 16,686 shares of the company’s stock, valued at approximately $503,750.34. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 4.10% of the company’s stock.
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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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