Central Pacific Financial Corp. (NYSE:CPF) is set to announce third quarter earning results on Wednesday 28th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, CPF to report 3Q20 income of $ 0.34 per share from revenue of $ 51.32 million.
For the full year, analysts anticipate top line of $ 204.31 million, while looking forward to income of $ 1.36 per share bottom line.
Previous Quarter Performance
Central Pacific Financial Corp. revealed income for the second quarter of $ 0.35 per share, from the revenue of $ 49.26 million. The quarterly earnings decreased 25.53 percent compared with the same quarter last year. Street analysts expected Central Pacific Financial Corp. to report income of $ 0.22 per share on revenue of $ 49.28 million for the second quarter. The bottom line results beat street analysts by $ 0.13 or 59.09 percent, at the same time, top line results fell short of analysts by $ 0.02 million or 0.04 percent.
Stock Performance
Shares of Central Pacific Financial Corp. traded low $ -0.56 or -3.77 percent on Tuesday, reaching $ 14.30 with volume of 127.30 thousand shares. Central Pacific Financial Corp. has traded high as $ 14.92 and has cracked $ 14.29 on the downward trend
According to the previous trading day, closing price of $ 14.30, representing a 19.84 % increase from the 52 week low of $ 12.40 and a 51.37 % decrease over the 52 week high of $ 30.56.
The company has a market capital of $ 402.97 million and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 1st October 2020, maintained by Piper Sandler at Neutral rating, with $ 15.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.23 per share on July 28, 2020. The dividend were payable on September 15, 2020 to holders of record as of the close of business on August 31, 2020 and ex-dividend date on August 28, 2020.
Conference Call
Central Pacific Financial Corp. will be hosting a conference call at 1:00 PM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.centralpacificbank.com
Central Pacific Financial Corp. operates as the holding company for Central Pacific Bank that provides commercial banking products and services to businesses, professionals, and individuals in the United States. The company operates in three segments: Banking Operations, Treasury, and All Others.
