Central Pacific Financial (CPF) Lowered to Sell at Zacks Investment Research

Central Pacific Financial (NYSE:CPF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Monday.

According to Zacks, “Central Pacific Financial Corp. is a Hawaii-based bank holding company. Central Pacific Bank, its subsidiary, is Hawaii’s third largest commercial bank. “

Separately, ValuEngine raised Central Pacific Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 17th.



Shares of Central Pacific Financial stock traded up $0.23 on Monday, reaching $29.37. 118,900 shares of the company were exchanged, compared to its average volume of 165,764. The firm has a market capitalization of $850.09 million, a PE ratio of 14.61 and a beta of 1.04. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.25. Central Pacific Financial has a fifty-two week low of $23.23 and a fifty-two week high of $31.61.

Central Pacific Financial (NYSE:CPF) last announced its earnings results on Wednesday, January 30th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. The company had revenue of $54.08 million for the quarter, compared to analyst estimates of $53.80 million. Central Pacific Financial had a return on equity of 12.30% and a net margin of 25.09%. Analysts expect that Central Pacific Financial will post 2.07 EPS for the current year.

Several institutional investors have recently made changes to their positions in the company. Matarin Capital Management LLC purchased a new position in shares of Central Pacific Financial during the third quarter valued at $7,843,000. Assenagon Asset Management S.A. purchased a new position in Central Pacific Financial in the third quarter valued at about $4,740,000. Boston Partners grew its stake in Central Pacific Financial by 48.9% in the fourth quarter. Boston Partners now owns 422,847 shares of the financial services provider’s stock valued at $10,296,000 after purchasing an additional 138,897 shares in the last quarter. American Century Companies Inc. grew its stake in Central Pacific Financial by 24.2% in the third quarter. American Century Companies Inc. now owns 495,882 shares of the financial services provider’s stock valued at $13,106,000 after purchasing an additional 96,676 shares in the last quarter. Finally, Seizert Capital Partners LLC purchased a new position in Central Pacific Financial in the fourth quarter valued at about $1,992,000. 93.47% of the stock is currently owned by institutional investors.

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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