Central Pacific Financial (NYSE:CPF) Announces Earnings Results, Beats Estimates By $0.09 EPS

Central Pacific Financial (NYSE:CPF) released its earnings results on Wednesday. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate 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 Trading Up 2.0 %

NYSE:CPF opened at $29.15 on Wednesday. Central Pacific Financial has a 52 week low of $18.00 and a 52 week high of $33.25. The firm has a 50-day moving average price of $29.52 and a two-hundred day moving average price of $28.19. The firm has a market cap of $789.01 million, a price-to-earnings ratio of 13.90 and a beta of 1.19. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.85 and a current ratio of 0.85.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of 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.