Headlines about Central Pacific Financial (NYSE:CPF) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Central Pacific Financial earned a news impact score of 0.20 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 47.8434340650006 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
A number of analysts recently issued reports on CPF shares. Zacks Investment Research lowered Central Pacific Financial from a “hold” rating to a “sell” rating in a research note on Friday, July 27th. ValuEngine cut Central Pacific Financial from a “hold” rating to a “sell” rating in a research report on Monday, June 11th.
Shares of CPF traded up $0.21 during midday trading on Friday, reaching $27.80. The stock had a trading volume of 111,566 shares, compared to its average volume of 115,850. Central Pacific Financial has a 12-month low of $27.19 and a 12-month high of $33.15. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $819.74 million, a P/E ratio of 16.01 and a beta of 1.03.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 17th. Investors of record on Friday, August 31st will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.02%. The ex-dividend date is Thursday, August 30th. Central Pacific Financial’s dividend payout ratio is presently 52.83%.
In other Central Pacific Financial news, Director Christine H. H. Camp purchased 1,800 shares of the stock in a transaction on Tuesday, June 19th. The stock was acquired at an average price of $29.80 per share, with a total value of $53,640.00. Following the transaction, the director now directly owns 6,112 shares of the company’s stock, valued at approximately $182,137.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Arnold D. Martines sold 1,080 shares of the stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $27.99, for a total value of $30,229.20. Following the completion of the transaction, the executive vice president now directly owns 24 shares of the company’s stock, valued at approximately $671.76. The disclosure for this sale can be found here. Corporate insiders own 4.30% of the company’s stock.
About Central Pacific Financial
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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