CPB (NYSE:CPF) Getting Somewhat Favorable Media Coverage, Analysis Shows
Press coverage about CPB (NYSE:CPF) has been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CPB earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 46.4331030550523 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
CPF has been the subject of several recent research reports. Zacks Investment Research cut CPB from a “buy” rating to a “hold” rating in a report on Thursday, June 8th. Piper Jaffray Companies reissued a “hold” rating and set a $32.50 price objective on shares of CPB in a report on Friday, July 14th. Finally, BidaskClub cut CPB from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. CPB has an average rating of “Hold” and a consensus price target of $31.83.
Shares of CPB (NYSE:CPF) traded down 0.42% during mid-day trading on Monday, reaching $30.71. The company’s stock had a trading volume of 19,800 shares. The company has a 50-day moving average of $31.40 and a 200-day moving average of $31.05. CPB has a 12 month low of $24.29 and a 12 month high of $33.55. The firm has a market cap of $937.08 million, a PE ratio of 19.56 and a beta of 1.15.
CPB (NYSE:CPF) last posted its earnings results on Wednesday, July 26th. The financial services provider reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by $0.01. The firm had revenue of $49.50 million during the quarter, compared to the consensus estimate of $51.40 million. CPB had a net margin of 22.59% and a return on equity of 9.52%. During the same quarter in the prior year, the business posted $0.39 earnings per share. On average, analysts predict that CPB will post $1.64 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be given a $0.18 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $0.72 annualized dividend and a yield of 2.33%. CPB’s dividend payout ratio is presently 45.86%.
In other news, Director Paul K. Yonamine bought 1,400 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was purchased at an average cost of $30.98 per share, for a total transaction of $43,372.00. Following the completion of the transaction, the director now owns 1,400 shares of the company’s stock, valued at $43,372. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Earl E. Fry acquired 1,730 shares of the stock in a transaction dated Tuesday, June 13th. The shares were bought at an average price of $32.08 per share, with a total value of $55,498.40. Following the completion of the transaction, the director now directly owns 251 shares of the company’s stock, valued at $8,052.08. The disclosure for this purchase can be found here. 4.10% of the stock is currently owned by company insiders.
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.
Receive News & Ratings for CPB Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CPB Inc. and related companies with MarketBeat.com's FREE daily email newsletter.