Central Pacific Financial (NYSE:CPF) Issues Quarterly Earnings Results

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

Central Pacific Financial Trading Down 0.2 %

CPF traded down $0.07 during trading on Wednesday, hitting $28.50. 27,985 shares of the stock traded hands, compared to its average volume of 207,269. The firm has a market capitalization of $771.50 million, a P/E ratio of 13.54 and a beta of 1.19. Central Pacific Financial has a 12-month low of $18.00 and a 12-month high of $33.25. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a 50-day moving average of $29.52 and a 200 day moving average of $28.19.

Analyst Ratings Changes

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

About Central Pacific Financial

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.