Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Central Pacific Financial (CPF) Stock Price
Media headlines about Central Pacific Financial (NYSE:CPF) have been trending somewhat positive on Saturday, according to Accern. Accern ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Central Pacific Financial earned a media sentiment score of 0.01 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 44.6072522005725 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Systematic Financial Management LP Sells 4,450 Shares of Central Pacific Financial Corp. (CPF) (americanbankingnews.com)
- Central Pacific Financial Corp (CPF) Files 10-K for the Fiscal Year Ended on December 31, 2017 (finance.yahoo.com)
- Central Pacific Financial goes ex-dividend tomorrow (seekingalpha.com)
- KBC Group NV Sells 2,743 Shares of Central Pacific Financial Corp. (CPF) (americanbankingnews.com)
Central Pacific Financial (NYSE CPF) opened at $28.57 on Friday. Central Pacific Financial has a 52 week low of $27.34 and a 52 week high of $33.55. The stock has a market cap of $831.04, a P/E ratio of 21.32 and a beta of 1.15. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.19.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be paid a $0.19 dividend. The ex-dividend date is Tuesday, February 27th. This is a boost from Central Pacific Financial’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a yield of 2.66%. Central Pacific Financial’s dividend payout ratio (DPR) is presently 56.72%.
Central Pacific Financial announced that its board has authorized a stock buyback program on Wednesday, November 15th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
Separately, Zacks Investment Research cut shares of Central Pacific Financial from a “hold” rating to a “sell” rating in a research note on Monday, December 18th.
In other news, Director Colbert M. Matsumoto bought 1,000 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were bought at an average cost of $28.61 per share, for a total transaction of $28,610.00. Following the completion of the acquisition, the director now owns 2,375 shares in the company, valued at approximately $67,948.75. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders acquired 2,000 shares of company stock worth $58,434. Company insiders own 4.10% of the company’s stock.
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Central Pacific Financial 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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