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

Central Pacific Financial (NYSE:CPF) released 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 Stock Up 2.0 %

CPF opened at $29.15 on Wednesday. The firm has a market capitalization of $789.01 million, a P/E ratio of 13.90 and a beta of 1.19. Central Pacific Financial has a one year low of $18.00 and a one year high of $33.25. The company has a fifty day moving average price of $29.52 and a 200-day moving average price of $28.19. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.85.

Analyst Ratings Changes

Separately, StockNews.com cut 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.