CPB Inc. (CPF) to Release Earnings on Wednesday
CPB Inc. (NYSE:CPF) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, October 25th. Analysts expect CPB to post earnings of $0.41 per share for the quarter.
CPB (NYSE:CPF) last released its earnings results on Wednesday, July 26th. The financial services provider reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.01). CPB had a net margin of 22.59% and a return on equity of 9.52%. The company had revenue of $49.50 million for the quarter, compared to the consensus estimate of $51.40 million. During the same period in the prior year, the company earned $0.39 earnings per share. On average, analysts expect CPB to post $1.64 EPS for the current fiscal year and $1.79 EPS for the next fiscal year.
CPB Inc. (CPF) opened at 32.19 on Wednesday. The stock’s 50 day moving average is $30.48 and its 200-day moving average is $30.74. The company has a market capitalization of $979.83 million, a P/E ratio of 20.50 and a beta of 1.18. CPB Inc. has a 52-week low of $24.54 and a 52-week high of $33.55.
Several research analysts have recently weighed in on the stock. BidaskClub cut shares of CPB from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Zacks Investment Research raised shares of CPB from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $30.25.
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In other CPB news, Director Paul K. Yonamine bought 1,400 shares of CPB stock in a transaction on Tuesday, August 1st. The stock was acquired at an average cost of $30.98 per share, with a total value of $43,372.00. Following the completion of the acquisition, the director now owns 1,400 shares in the company, valued at $43,372. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.10% of the stock is currently owned by corporate 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.
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