Central Pacific Financial (NYSE:CPF) Releases Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Central Pacific Financial (NYSE:CPF) announced its earnings results on Wednesday. The financial services provider reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.09, Zacks reports. Central Pacific Financial had a net margin of 16.10% and a return on equity of 11.44%.

Central Pacific Financial Stock Down 0.2 %

Shares of Central Pacific Financial stock traded down $0.07 during trading on Wednesday, hitting $28.50. The company’s stock had a trading volume of 27,985 shares, compared to its average volume of 207,269. Central Pacific Financial has a 52 week low of $18.00 and a 52 week high of $33.25. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.85 and a current ratio of 0.85. The company has a fifty day simple moving average of $29.52 and a two-hundred day simple moving average of $28.19. The company has a market capitalization of $771.50 million, a PE ratio of 13.54 and a beta of 1.19.

Analyst Ratings Changes

Separately, StockNews.com lowered Central Pacific Financial from a “hold” rating to a “sell” rating in a research report on Tuesday.

Central Pacific Financial Company Profile

Central Pacific Financial Corp. operates as the bank holding company for Central Pacific Bank that provides a range of commercial banking products and services to businesses, professionals, and individuals in the United States. It offers various deposit products and services, including checking, savings and time deposits, cash management and digital banking, trust, and retail brokerage services, as well as money market accounts and certificates of deposit.